Our Thoughts on Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) (2020-01-06)

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REPORTING FOR 2020-01-06 | WCX19.ORG: We have done an in-depth analysis of how PIZ has been trading over the last 2 weeks and the past day especially. On its latest session, Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) opened at 28.76, reaching a high of 28.9 and a low of 28.75 before closing at a price of 28.7812. There was a total volume of 15787.

VOLUME INDICATORS FOR INVESCO DWA DEVELOPED MARKETS MOMENTUM ETF (NASDAQ:PIZ): We saw an accumulation-distribution index of 65.16502, an on-balance volume of 29.045, chaikin money flow of 1.14286 and a force index of 0.00908. There was an ease of movement rating of -0.00112, a volume-price trend of 1.741 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR INVESCO DWA DEVELOPED MARKETS MOMENTUM ETF (NASDAQ:PIZ): We noted an average true range of 0.1241, bolinger bands of 29.05627, an upper bollinger band of 28.60373, lower bollinger band of 28.75, a bollinger high band indicator of nan, bollinger low band indicator of 1.0, a central keltner channel of 28.80333, high band keltner channel of 28.66333, low band keltner channel of 28.94333, 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 28.75, a donchian channel low band of 28.75, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR INVESCO DWA DEVELOPED MARKETS MOMENTUM ETF (NASDAQ:PIZ): We calculated a Moving Average Convergence Divergence (MACD) of 0.00359, a MACD signal of 0.00199, a MACD difference of 0.0016, a fast Exponential Moving Average (EMA) indicator of 28.75, a slow Exponential Moving Average (EMA) indicator of 28.75, 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 0.23293, a trix of 4.19118, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -1.64346, a KST Oscillator (KST) of 60.62965 and a KST Oscillator (KST Signal) of 60.62965 (leaving a KST difference of 1.47566). We also found an Ichimoku rating of 28.83, an Ichimoku B rating of 28.83, a Ichimoku visual trend A of 27.39315, an Ichimoku visual trend B of 27.72069, 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 DEVELOPED MARKETS MOMENTUM ETF (NASDAQ:PIZ): 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 99.39521, a stochastic oscillator of 107.14286, a stochastic oscillator signal of 107.14286, a Williams %R rating of 7.14286 and an awesome oscillator of 0.02092.

RETURNS FOR INVESCO DWA DEVELOPED MARKETS MOMENTUM ETF (NASDAQ:PIZ): There was a daily return of 6.06296, a daily log return of 0.55498 and a cumulative return of 0.55652.

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 Developed Markets Momentum ETF (NASDAQ:PIZ)…

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 Developed Markets Momentum ETF (NASDAQ:PIZ) 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.