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
PDP in +0.24% Uptrend, advancing for three consecutive days on June 12, 2025
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 PDP advanced for three days, in of 346 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
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 10-day RSI Indicator for PDP moved out of overbought territory on May 21, 2025. 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 41 similar instances where the indicator moved out of overbought territory. In of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where PDP's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on June 13, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on PDP as a result. In of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for PDP turned negative on May 23, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 May 12, 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.
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General Information
Category LargeGrowth
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| TORCX | 18.72 | 0.08 | +0.43% |
| Tortoise Energy Infrastructure TR C | |||
| PEQRX | 35.47 | -0.28 | -0.78% |
| Putnam Large Cap Value R | |||
| OANWX | 24.93 | -0.28 | -1.11% |
| Oakmark Global Select Institutional | |||
| AGCTX | 19.86 | -0.29 | -1.44% |
| American Century Global Small Cap R6 | |||
| APSRX | 15.59 | -0.29 | -1.83% |
| NYLI Fiera SMID Growth Class A | |||
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% | -1.24% | ||
| QQQM - PDP | 89% Closely correlated | -1.27% | ||
| QQQ - PDP | 88% Closely correlated | -1.26% | ||
| VUG - PDP | 88% Closely correlated | -1.37% | ||
| VONG - PDP | 85% Closely correlated | -1.27% | ||
| IVW - PDP | 85% Closely correlated | -1.23% | ||
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