PGJ Invesco Golden Dragon China ETF Forecast, Technical & Fundamental Analysis
The investment seeks to track the investment results (before fees and expenses) of the NASDAQ Golden Dragon China IndexTM... Show more
PGJ in downward trend: price expected to drop as it breaks its higher Bollinger Band on June 09, 2025
PGJ broke above its upper Bollinger Band on June 09, 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. The A.I.dvisor looked at 47 similar instances where the stock broke above the upper band. In of the 47 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 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 PGJ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on July 03, 2025. You may want to consider a long position or call options on PGJ as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for PGJ just turned positive on July 01, 2025. Looking at past instances where PGJ's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
PGJ moved above its 50-day moving average on June 03, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PGJ advanced for three days, in of 255 cases, the price rose further within the following month. The odds of a continued upward trend are .
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General Information
Category PacificAsiaexJapanStk
PGJ and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PGJ has been closely correlated with KWEB. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if PGJ jumps, then KWEB could also see price increases.
| Ticker / NAME | Correlation To PGJ | 1D Price Change % | ||
|---|---|---|---|---|
| PGJ | 100% | +0.25% | ||
| KWEB - PGJ | 96% Closely correlated | -0.83% | ||
| MCHI - PGJ | 94% Closely correlated | -0.51% | ||
| FXI - PGJ | 92% Closely correlated | -1.14% | ||
| ASHR - PGJ | 58% Loosely correlated | +0.73% | ||
| EWT - PGJ | 50% Loosely correlated | +1.17% | ||
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