PSI Invesco Dynamic Semiconductors ETF Forecast, Technical & Fundamental Analysis
PSI's RSI Oscillator leaves overbought zone
The 10-day RSI Indicator for PSI moved out of overbought territory on May 31, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 instances where the indicator moved out of the overbought zone. In of the 35 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PSI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
PSI broke above its upper Bollinger Band on May 26, 2023. 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 May 15, 2023. You may want to consider a long position or call options on PSI as a result. In of 89 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 PSI just turned positive on May 10, 2023. Looking at past instances where PSI's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
PSI moved above its 50-day moving average on May 25, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for PSI crossed bullishly above the 50-day moving average on May 25, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 +1 3-day Advance, the price is estimated to grow further. Considering data from situations where PSI advanced for three days, in of 330 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 276 cases where PSI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Technology
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| MIEYX | 13.98 | N/A | N/A |
| MM S&P 500® Index Adm | |||
| SPWAX | 9.66 | -0.05 | -0.51% |
| American Beacon Stephens Sm Cp Gr A | |||
| MDODX | 8.20 | -0.05 | -0.61% |
| Morgan Stanley Developing Opportunity R6 | |||
| HFDRX | 16.17 | -0.11 | -0.68% |
| Hartford Schroders US MidCap Opps R3 | |||
| VFWSX | 103.73 | -1.05 | -1.00% |
| Vanguard FTSE All-Wld ex-US Idx Instl | |||
PSI and
Correlation & Price change
A.I.dvisor indicates that over the last year, PSI has been closely correlated with SOXX. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if PSI jumps, then SOXX could also see price increases.