PXI Stock Tickeron detected bullish ETF Pattern: Three Rising Valleys PXI on November 05, 2024, netting in a 7.52% gain over 1 month

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PXI - Invesco Dorsey Wright Energy MomentumETF

Ticker: PXI

Company: Invesco Dorsey Wright Energy MomentumETF

Gain: +7.52%

Confirmed: 11/05/24

Succeeded: 11/20/24

Total length: 37 days

Momentum Indicator for PXI turns positive, indicating new upward trend

PXI saw its Momentum Indicator move above the 0 level on November 04, 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 85 similar instances where the indicator turned positive. In of the 85 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for PXI just turned positive on November 06, 2024. 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 .

PXI moved above its 50-day moving average on November 04, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PXI advanced for three days, in of 334 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 310 cases where PXI 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 RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 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 PXI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PXI broke above its upper Bollinger Band on November 05, 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.