PXH Invesco FTSE RAFI Emerging Markets ETF Forecast, Technical & Fundamental Analysis
PXH's Stochastic Oscillator stays in oversold zone for 3 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 uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PXH advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on PXH as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 PXH declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
General Information
Category DiversifiedEmergingMkts
PXH and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PXH has been closely correlated with SCHE. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if PXH jumps, then SCHE could also see price increases.
| Ticker / NAME | Correlation To PXH | 1D Price Change % | ||
|---|---|---|---|---|
| PXH | 100% | +0.84% | ||
| SCHE - PXH | 96% Closely correlated | +0.99% | ||
| VWO - PXH | 96% Closely correlated | +0.83% | ||
| SPEM - PXH | 96% Closely correlated | +0.87% | ||
| EEM - PXH | 95% Closely correlated | +0.79% | ||
| IEMG - PXH | 94% Closely correlated | +0.77% | ||
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