PYZ Invesco DW Basic Materials Momt ETF Forecast, Technical & Fundamental Analysis
PYZ sees its Stochastic Oscillator climbs out of oversold territory
On January 06, 2025, the Stochastic Oscillator for PYZ moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 56 instances where the indicator left the oversold zone. In of the 56 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PYZ's RSI Indicator exited the oversold zone, of 32 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 PYZ just turned positive on January 07, 2025. Looking at past instances where PYZ's MACD turned positive, the stock continued to rise in of 49 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 PYZ advanced for three days, in of 320 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 PYZ as a result. In of 73 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 PYZ 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 PYZ entered a downward trend on January 08, 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.
General Information
Category NaturalResources
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| ECCPX | 47.79 | 0.48 | +1.01% |
| Eaton Vance Tax-Managed Multi-Cap Gr C | |||
| WMGCX | 17.81 | 0.13 | +0.74% |
| Macquarie Mid Cap Growth C | |||
| QCSGX | 20.74 | 0.08 | +0.39% |
| Federated Hermes MDT Small Cap Growth C | |||
| MAEGX | 14.36 | 0.05 | +0.35% |
| BlackRock Unconstrained Equity Instl | |||
| BSMDX | 14.24 | N/A | N/A |
| BlackRock SMID-Cap Growth Equity Instl | |||
PYZ and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PYZ has been closely correlated with VAW. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if PYZ jumps, then VAW could also see price increases.