PYZ Stock Invesco DW Basic Materials Momt ETF (PYZ, $98.11) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 7, 2024

GET DAILY SIGNALS

Get AI intraday signals

PYZ - Invesco DW Basic Materials Momt ETF

MACD signal

View

Odds of UP Trend

Price: $98.11

Daily change: +$0.01 (+0.01%)

Daily volume: 784

Momentum Indicator for PYZ turns positive, indicating new upward trend

PYZ saw its Momentum Indicator move above the 0 level on November 06, 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 72 similar instances where the indicator turned positive. In of the 72 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 PYZ just turned positive on November 07, 2024. Looking at past instances where PYZ'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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PYZ advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .

PYZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 278 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 10-day RSI Indicator for PYZ moved out of overbought territory on October 21, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 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 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 .