A Deep Dive Into Invesco DWA Momentum ETF (NASDAQ:PDP) (2020-01-06)

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REPORTING FOR 2020-01-06 | WCX19.ORG: We have done an in-depth analysis of how PDP has been trading over the last 2 weeks and the past day especially. On its latest session, Invesco DWA Momentum ETF (NASDAQ:PDP) opened at 64.2, reaching a high of 64.7738 and a low of 64.2 before closing at a price of 64.61. There was a total volume of 102408.

VOLUME INDICATORS FOR INVESCO DWA MOMENTUM ETF (NASDAQ:PDP): We saw an accumulation-distribution index of 733.59, an on-balance volume of 64.74, chaikin money flow of 1.0 and a force index of 0.00925. There was an ease of movement rating of -0.00039, a volume-price trend of 2.61085 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR INVESCO DWA MOMENTUM ETF (NASDAQ:PDP): We noted an average true range of 0.4315, bolinger bands of 64.39142, an upper bollinger band of 64.10858, lower bollinger band of 64.2, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 64.39127, high band keltner channel of 63.81747, low band keltner channel of 64.96507, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 64.2, a donchian channel low band of 64.2, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR INVESCO DWA MOMENTUM ETF (NASDAQ:PDP): We calculated a Moving Average Convergence Divergence (MACD) of 0.00224, a MACD signal of 0.00125, a MACD difference of 0.001, a fast Exponential Moving Average (EMA) indicator of 64.2, a slow Exponential Moving Average (EMA) indicator of 64.2, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.16885, a trix of 3.07854, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -2.49468, a KST Oscillator (KST) of 40.42893 and a KST Oscillator (KST Signal) of 40.42893 (leaving a KST difference of 0.40515). We also found an Ichimoku rating of 64.4869, an Ichimoku B rating of 64.4869, a Ichimoku visual trend A of 62.32162, an Ichimoku visual trend B of 62.72577, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR INVESCO DWA MOMENTUM ETF (NASDAQ:PDP): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 100.0, a stochastic oscillator of 100.0, a stochastic oscillator signal of 100.0, a Williams %R rating of 780.66914 and an awesome oscillator of 0.01052.

RETURNS FOR INVESCO DWA MOMENTUM ETF (NASDAQ:PDP): There was a daily return of 4.04289, a daily log return of 0.15564 and a cumulative return of 0.15576.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2020-01-06 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Invesco DWA Momentum ETF (NASDAQ:PDP)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Invesco DWA Momentum ETF (NASDAQ:PDP) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.