Invesco PureBeta FTSE Developed ex North America ETF (PBDM) Stock Technical Analysis
NYSEARCA:PBDM - NYSE Arca - US46138E4879 - ETF - Currency: USD
Taking everything into account, PBDM scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PBDM is only an average performer.
Warning: PBDM has an average volume of 1964 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
PBDM is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PBDM is leading the market.
When comparing the yearly performance of all stocks, we notice that PBDM is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month PBDM has a been trading in a tight range between 25.44 and 26.44.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, PBDM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 26.13, a Stop Loss order could be placed below this zone.
More info and screens
24.04
26.92
3 important support areas can be observed.
- A support zone ranging from 26.05 to 26.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.86 to 24.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 24.28 to 24.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 26.21 to 26.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PBDM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PBDM is neutral. |
| ChartMill Relative Strength | 70.96 | POSITIVE | PBDM has a high relative strength, it outperformed 70.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PBDM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PBDM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PBDM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.32 | NEUTRAL | The RSI value for PBDM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PBDM has a positive trend. |
| Stochastics (14,3) | 52.13 | NEUTRAL | The Stochastics value for PBDM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.83 | LOW VOLATILITY | The low ATR as a percentage value for PBDM suggests low volalility. |
| Average Directional Index/ADX (14) | 9.9 | NEGATIVE | The low ADX value for PBDM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 26.45 | 26.04 | 0.41 (1.55%) | 25.00% |
| An entry @26.45. This is a Buy Stop order right above the 10 day high. | An exit @26.04. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.41 points, which is 1.55%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.39%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
Invesco PureBeta FTSE Developed ex North America ETF
NYSEARCA:PBDM (6/23/2023, 8:04:00 PM)
26.17
+0.01 (+0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.04%
1 Week0.5%
2 Weeks-0.36%
1 Month1.26%
3 Month5.44%
6 Month8.57%
12 Month11.17%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%0.83%
ATR Inc-50.03%
Range Today0.21
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.96
Mansfield-0.09
10 Day High26.44
10 Day Low25.95
20 Day High26.44
20 Day Low25.44
52 Week High26.66
52 Week Low20.34
CS1 End26.13
CR1 Start26.21
Volume & EV
DER(3)0%
DER(5)0%
Volume300
Volume Incr-69.23%
Vol(5)300
Vol(50)1.96K