PUI Stock Invesco Dorsey Wright Utilities Momt ETF (PUI, $41.19) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 11, 2024

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PUI - Invesco Dorsey Wright Utilities Momt ETF

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Odds of UP Trend

Price: $41.19

Daily change: +$0.47 (+1.15%)

Daily volume: 12.6K

Net Assets: $54.1M

PUI in upward trend: price rose above 50-day moving average on November 05, 2024

PUI moved above its 50-day moving average on November 05, 2024 date and that indicates a change from a downward trend to an upward trend. In of 44 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 08, 2024. You may want to consider a long position or call options on PUI as a result. In of 97 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 November 11, 2024. Looking at past instances where PUI's MACD turned positive, the stock continued to rise in of 42 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 356 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 311 cases where PUI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 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 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 November 11, 2024. 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.