PXI Invesco Dorsey Wright Energy MomentumETF Forecast, Technical & Fundamental Analysis
PXI's Stochastic Oscillator is sitting in overbought zone for 4 days
The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Aroon Indicator for PXI entered a downward trend on January 02, 2025. 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 Momentum Indicator moved above the 0 level on January 02, 2025. You may want to consider a long position or call options on PXI as a result. In of 85 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 PXI just turned positive on January 02, 2025. Looking at past instances where PXI's MACD turned positive, the stock continued to rise in of 44 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 PXI advanced for three days, in of 333 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
Category Energy
PXI and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PXI has been closely correlated with IYE. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if PXI jumps, then IYE could also see price increases.