PXJ Stock Invesco Oil & Gas Services ETF (PXJ, $28.66) Stochastic Oscillator left the overbought zone on November 15, 2024

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PXJ - Invesco Oil & Gas Services ETF

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Odds of DOWN Trend

Price: $28.66

Daily change: -$0.54 (-1.85%)

Daily volume: 13.8K

Net Assets: $42.8M

PXJ saw its Stochastic Oscillator recovers from the overbought zone

The Stochastic Oscillator for PXJ moved out of overbought territory on November 15, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 61 similar instances where the indicator exited the overbought zone. In of the 61 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

PXJ moved below its 50-day moving average on November 15, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PXJ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PXJ broke above its upper Bollinger Band on November 06, 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.

The Aroon Indicator for PXJ 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.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PXJ's RSI Oscillator 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 Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on PXJ as a result. In of 80 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 PXJ just turned positive on November 06, 2024. Looking at past instances where PXJ's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for PXJ 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 19 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 PXJ advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .