PSCT Invesco S&P SmallCap Info Tech ETF Forecast, Technical & Fundamental Analysis
PSCT in -0.72% downward trend, sliding for three consecutive days on December 20, 2024
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where PSCT declined for three days, in of 309 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PSCT as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for PSCT turned negative on December 13, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
PSCT moved below its 50-day moving average on December 18, 2024 date and that indicates a change from an upward trend to a downward trend.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PSCT advanced for three days, in of 297 cases, the price rose further within the following month. The odds of a continued upward trend are .
PSCT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 268 cases where PSCT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Technology
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| EEOFX | 13.22 | 0.17 | +1.30% |
| Pear Tree Essex Environmental Opps Odnry | |||
| DCSCX | 62.10 | 0.55 | +0.89% |
| Davis Balanced Fund C | |||
| PKSCX | 38.01 | 0.16 | +0.42% |
| Virtus KAR Small-Cap Core C | |||
| SVTAX | 10.29 | 0.04 | +0.39% |
| SEI Global Managed Volatility F (SIMT) | |||
| FGGGX | 35.86 | -0.31 | -0.86% |
| American Funds Intl Gr and Inc529-F-2 | |||
PSCT and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PSCT has been closely correlated with VGT. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if PSCT jumps, then VGT could also see price increases.
| Ticker / NAME | Correlation To PSCT | 1D Price Change % | ||
|---|---|---|---|---|
| PSCT | 100% | -0.10% | ||
| VGT - PSCT | 77% Closely correlated | +1.58% | ||
| SOXX - PSCT | 75% Closely correlated | +1.34% | ||
| XLK - PSCT | 74% Closely correlated | +1.49% | ||
| CIBR - PSCT | 74% Closely correlated | +1.15% | ||
| CHAT - PSCT | 74% Closely correlated | +1.71% | ||
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