PSCM Stock Invesco S&P SmallCap Materials ETF (PSCM, $84.9) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 6, 2024

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PSCM - Invesco S&P SmallCap Materials ETF

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Odds of UP Trend

Price: $84.9

Daily change: +$6.34 (+8.08%)

Daily volume: 713

Net Assets: $18.1M

Momentum Indicator for PSCM turns positive, indicating new upward trend

PSCM saw its Momentum Indicator move above the 0 level on November 05, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 93 similar instances where the indicator turned positive. In of the 93 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for PSCM just turned positive on November 06, 2024. Looking at past instances where PSCM's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .

PSCM moved above its 50-day moving average on November 05, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for PSCM crossed bullishly above the 50-day moving average on November 06, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 20 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PSCM advanced for three days, in of 304 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for PSCM moved out of overbought territory on November 12, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 26 similar instances where the indicator moved out of overbought territory. In of the 26 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 73 cases where PSCM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PSCM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PSCM broke above its upper Bollinger Band on November 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for PSCM entered a downward trend on November 04, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.