PDP Invesco Dorsey Wright Momentum ETF Forecast, Technical & Fundamental Analysis
The investment seeks to track the investment results (before fees and expenses) of the Dorsey Wright® Technical LeadersTMIndex... Show more
Momentum Indicator for PDP turns positive, indicating new upward trend
PDP saw its Momentum Indicator move above the 0 level on June 24, 2025. 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 75 similar instances where the indicator turned positive. In of the 75 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 PDP just turned positive on June 27, 2025. Looking at past instances where PDP's MACD turned positive, the stock continued to rise in of 43 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 PDP advanced for three days, in of 345 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 329 cases where PDP 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 Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 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 PDP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
PDP broke above its upper Bollinger Band on June 27, 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.
Advertisement
General Information
Category LargeGrowth
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| FGSAX | 64.10 | 0.72 | +1.14% |
| Federated Hermes MDT Mid Cap Growth A | |||
| WPOPX | 13.82 | 0.10 | +0.73% |
| Weitz Partners III Opportunity Instl | |||
| RWBEX | 71.27 | 0.45 | +0.64% |
| American Funds Capital World Gr&Inc R2E | |||
| DEVDX | 12.49 | N/A | N/A |
| Driehaus Event Driven | |||
| RMLPX | 24.70 | N/A | N/A |
| Recurrent MLP & Infrastructure Class I | |||
PDP and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PDP has been closely correlated with QQQM. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if PDP jumps, then QQQM could also see price increases.
| Ticker / NAME | Correlation To PDP | 1D Price Change % | ||
|---|---|---|---|---|
| PDP | 100% | +1.46% | ||
| QQQM - PDP | 89% Closely correlated | +0.97% | ||
| QQQ - PDP | 89% Closely correlated | +0.98% | ||
| VUG - PDP | 89% Closely correlated | +1.08% | ||
| VONG - PDP | 85% Closely correlated | +1.08% | ||
| IVW - PDP | 85% Closely correlated | +0.95% | ||
More | ||||