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VRP
ETF ticker: NYSE ARCA
AS OF
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Net Assets
1.46B

VRP Invesco Variable Rate Preferred ETF Forecast, Technical & Fundamental Analysis

Category WorldStock
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for VRP with price predictions
07:00 PM EST Dec 07, 2023

VRP in +0.35% Uptrend, advancing for three consecutive days on December 07, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where VRP advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on VRP as a result. In of 65 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

VRP moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for VRP crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 8 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 .

The Aroon Indicator entered an Uptrend today. In of 455 cases where VRP 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 demonstrates that the ticker has stayed in the overbought zone for 19 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 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 VRP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

VRP broke above its upper Bollinger Band on December 01, 2023. 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to track the investment results of the ICE Variable Rate Preferred & Hybrid Securities Index. The fund will invest at least 90% of its total assets in the components of the index, as well as ADRs that represent securities in the index. The index provider compiles and calculates the index, a market capitalization-weighted index designed to track the performance of floating and variable rate investment grade and below investment grade U.S. dollar denominated preferred stock, as well as certain types of hybrid securities. It is non-diversified.

Market Cap

The average market capitalization across the Invesco Variable Rate Preferred ETF ETF is 218.88K. The market cap for tickers in the group ranges from 218.88K to 218.88K. ESGRP holds the highest valuation in this group at 218.88K. The lowest valued company is ESGRP at 218.88K.

High and low price notable news

The average weekly price growth across all stocks in the Invesco Variable Rate Preferred ETF ETF was 0%. For the same ETF, the average monthly price growth was 3%, and the average quarterly price growth was 6%. CNOBP experienced the highest price growth at 3%, while RZB experienced the biggest fall at -3%.

Volume

The average weekly volume growth across all stocks in the Invesco Variable Rate Preferred ETF ETF was -6%. For the same stocks of the ETF, the average monthly volume growth was 19% and the average quarterly volume growth was 62%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 6
P/E Growth Rating: 100
Price Growth Rating: 48
SMR Rating: 97
Profit Risk Rating: 83
Seasonality Score: 48 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category WorldStock

Profile
Fundamentals
Details
Category
Preferred Stock
Address
PowerShares Exchange-Traded Fund Tr II301 West Roosevelt RoadWheaton
Phone
N/A
Web
www.invescopowershares.com
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VRP and

Correlation & Price change

A.I.dvisor indicates that over the last year, VRP has been closely correlated with FPE. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if VRP jumps, then FPE could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To VRP
1D Price
Change %
VRP100%
-0.18%
FPE - VRP
85%
Closely correlated
N/A
PFF - VRP
77%
Closely correlated
-0.20%
FPEI - VRP
77%
Closely correlated
+0.29%
IPPP - VRP
76%
Closely correlated
-0.26%
PGF - VRP
76%
Closely correlated
-0.35%
More