PSI Invesco Dynamic Semiconductors ETF Forecast, Technical & Fundamental Analysis
PSI's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for PSI turned positive on May 13, 2022. Looking at past instances where PSI's MACD turned positive, the stock continued to rise in 38 of 42 cases over the following month. The odds of a continued upward trend are 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 49 cases where PSI's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 25, 2022. You may want to consider a long position or call options on PSI as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 PSI advanced for three days, in of 359 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
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 04, 2022. 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 PSI entered a downward trend on May 23, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
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General Information
Category Technology
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PSI and ETFs
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 98% 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.
| Ticker / NAME | Correlation To PSI | 1D Price Change % |
|---|---|---|
| PSI | 100% | +4.24% |
| SOXX - PSI | 98% Closely correlated | +3.91% |
| SMH - PSI | 98% Closely correlated | +3.34% |
| IYW - PSI | 89% Closely correlated | +2.60% |
| VGT - PSI | 89% Closely correlated | +2.54% |
| XLK - PSI | 88% Closely correlated | +2.40% |