PUI Invesco Dorsey Wright Utilities Momt ETF Forecast, Technical & Fundamental Analysis
PUI in downward trend: price dove below 50-day moving average on September 15, 2023
PUI moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend. In of 46 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where PUI's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PUI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
PUI broke above its upper Bollinger Band on September 14, 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.
The Aroon Indicator for PUI entered a downward trend on September 15, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PUI's RSI Indicator exited the oversold zone, of 21 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 September 13, 2023. You may want to consider a long position or call options on PUI as a result. In of 99 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 PUI just turned positive on September 11, 2023. Looking at past instances where PUI'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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PUI advanced for three days, in of 366 cases, the price rose further within the following month. The odds of a continued upward trend 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 Utilities
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| ORSAX | 11.76 | N/A | N/A |
| North Square Dynamic Sm Cp A | |||
| NWAEX | 12.66 | N/A | N/A |
| Nationwide BNY Mellon Dyn US Core Eagle | |||
| FAPJX | 10.52 | N/A | N/A |
| Fidelity Advisor® Healthy Future A | |||
| FIKMX | 11.03 | -0.01 | -0.09% |
| Fidelity Advisor® Real Estate Income Z | |||
| RREYX | 26.20 | -0.12 | -0.46% |
| Russell Inv Global Real Estate Secs Y | |||
PUI and
Correlation & Price change
A.I.dvisor indicates that over the last year, PUI has been closely correlated with FUTY. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if PUI jumps, then FUTY could also see price increases.