PYZ Invesco DW Basic Materials Momt ETF Forecast, Technical & Fundamental Analysis
The investment seeks to track the investment results (before fees and expenses) of the Dorsey Wright Basic Materials Technical LeadersTMIndex (the "underlying index")... Show more
PYZ's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for PYZ turned positive on June 02, 2025. Looking at past instances where PYZ's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
PYZ moved above its 50-day moving average on May 02, 2025 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for PYZ crossed bullishly above the 50-day moving average on May 09, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 PYZ advanced for three days, in of 316 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 270 cases where PYZ 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 has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
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 .
PYZ broke above its upper Bollinger Band on June 03, 2025. 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.
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General Information
Category NaturalResources
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.