PSP Invesco Global Listed Private Equity ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for PSP turns negative, indicating new downward trend
PSP saw its Momentum Indicator move below the 0 level on September 21, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 67 similar instances where the indicator turned negative. In of the 67 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for PSP turned negative on September 21, 2023. 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 39 similar instances when the indicator turned negative. In of the 39 cases the stock turned lower in the days that followed. This puts the odds of success at .
PSP moved below its 50-day moving average on September 18, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PSP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator demonstrates 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.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PSP advanced for three days, in of 350 cases, the price rose further within the following month. The odds of a continued upward trend are .
PSP 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 314 cases where PSP 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 Unknown
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| Hotchkis & Wiley Global Value A | |||
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| Hartford Core Equity R3 | |||
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| Delaware Ivy Asset Strategy Fund Cl C | |||
| AVUNX | 13.87 | -0.20 | -1.42% |
| Avantis® U.S. Equity G | |||
| DSGCX | 15.51 | -0.26 | -1.65% |
| BNY Mellon Select Managers Sm Cp Gr C | |||
PSP and
Correlation & Price change
A.I.dvisor indicates that over the last year, PSP has been closely correlated with ROBO. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if PSP jumps, then ROBO could also see price increases.
| Ticker / NAME | Correlation To PSP | 1D Price Change % | ||
|---|---|---|---|---|
| PSP | 100% | -1.88% | ||
| ROBO - PSP | 86% Closely correlated | -1.86% | ||
| SDIV - PSP | 79% Closely correlated | -2.24% | ||
| BFIT - PSP | 77% Closely correlated | -2.02% | ||
| RGT - PSP | 76% Closely correlated | -1.94% | ||
| TMAT - PSP | 75% Closely correlated | -2.37% | ||
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