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PSP
ETF ticker: NYSE ARCA
AS OF
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Net Assets
197.99M

PSP Invesco Global Listed Private Equity ETF Forecast, Technical & Fundamental Analysis

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A.I.Advisor
a Summary for PSP with price predictions
08:00 PM EDT Oct 02, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Halliburton Company (NYSE:HAL), EQT Corp (NYSE:EQT), Regions Financial Corp (NYSE:RF), Marathon Oil Corp (NYSE:MRO), Ares Capital Corp (NASDAQ:ARCC).

Industry description

The investment seeks to track the investment results (before fees and expenses) of the Red Rocks Global Listed Private Equity Index. The fund generally will invest at least 90% of its total assets in securities (including American depositary receipts ("ADRs") and global depositary receipts ("GDRs")) that comprise the underlying index. The underlying index is composed of securities, ADRs and GDRs of 40 to 75 private equity companies, including business development companies ("BDCs"), master limited partnerships ("MLPs"), alternative asset managers and other entities that are listed on a nationally recognized exchange.

Market Cap

The average market capitalization across the Invesco Global Listed Private Equity ETF ETF is 9.96B. The market cap for tickers in the group ranges from 7M to 80.84B. BX holds the highest valuation in this group at 80.84B. The lowest valued company is MF at 7M.

High and low price notable news

The average weekly price growth across all stocks in the Invesco Global Listed Private Equity ETF ETF was -3%. For the same ETF, the average monthly price growth was -6%, and the average quarterly price growth was 2%. EQT experienced the highest price growth at 2%, while BPT experienced the biggest fall at -8%.

Volume

The average weekly volume growth across all stocks in the Invesco Global Listed Private Equity ETF ETF was 38%. For the same stocks of the ETF, the average monthly volume growth was 51% and the average quarterly volume growth was 83%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 34
P/E Growth Rating: 44
Price Growth Rating: 47
SMR Rating: 49
Profit Risk Rating: 66
Seasonality Score: 42 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Unknown

Profile
Fundamentals
Details
Category
Global Small/Mid Stock
Address
Powershares Exchange Traded Fund Trust227 E Prairie AveWheaton
Phone
N/A
Web
www.invescopowershares.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PSP
1D Price
Change %
PSP100%
-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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