PXE Stock Invesco Energy Exploration & Prod ETF (PXE, $30.73) entered Uptrend as Momentum indicator ascends above 0 level on Nov 06, 2024

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PXE - Invesco Energy Exploration & Prod ETF

Momentum signal

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Odds of UP Trend

Price: $30.73

Daily change: +$1.57 (+5.4%)

Daily volume: 107.8K

Net Assets: $108.3M

Momentum Indicator for PXE turns positive, indicating new upward trend

PXE saw its Momentum Indicator move above the 0 level on November 06, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 89 similar instances where the indicator turned positive. In of the 89 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PXE's RSI Indicator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for PXE just turned positive on November 06, 2024. Looking at past instances where PXE's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

PXE moved above its 50-day moving average on November 06, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for PXE crossed bullishly above the 50-day moving average on November 14, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 PXE advanced for three days, in of 348 cases, the price rose further within the following month. The odds of a continued upward trend are .

PXE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 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 PXE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for PXE entered a downward trend on November 12, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.