PSCT Stock Invesco S&P SmallCap Info Tech ETF (PSCT, $47.42) entered Downtrend as Momentum indicator drops below 0 level on Oct 10, 2024
PSCT in -1.01% downward trend, falling for three consecutive days on October 18, 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 307 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
PSCT broke above its upper Bollinger Band on October 14, 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.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 11, 2024. You may want to consider a long position or call options on PSCT as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for PSCT just turned positive on September 17, 2024. Looking at past instances where PSCT's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
PSCT moved above its 50-day moving average on September 19, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for PSCT crossed bullishly above the 50-day moving average on September 26, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 .
The 50-day moving average for PSCT moved above the 200-day moving average on October 16, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PSCT advanced for three days, in of 296 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 280 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