Overall PBP gets a technical rating of 7 out of 10. Although PBP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, PBP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 22.86, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.63
2 important support areas can be observed.
- A support zone ranging from 22.50 to 22.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.85 to 21.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 PBP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PBP is up. |
| ChartMill Relative Strength | 49.58 | NEUTRAL | PBP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PBP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PBP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PBP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.05 | NEUTRAL | The RSI value for PBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PBP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.81 | OVERBOUGHT | The high Stochastics value suggests PBP may be overbought. |
| Average True Range in percent/ATR (20) | 0.55 | LOW VOLATILITY | The low ATR as a percentage value for PBP suggests low volalility. |
| Average Directional Index/ADX (14) | 21.49 | NEUTRAL | The ADX value for PBP suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 22.97 | 22.61 | 0.36 (1.57%) | 25.00% |
| An entry @22.97. This is a Buy Stop order right above the 10 day high. | An exit @22.61. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.36 points, which is 1.57%. | 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.
22.92
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INVESCO S&P 500 BUYWRITE ETF / PBP FAQ
What is the ChartMill technical rating of INVESCO S&P 500 BUYWRITE ETF (PBP) stock?
ChartMill assigns a technical rating of 7 / 10 to PBP.
Can you provide the trend direction for INVESCO S&P 500 BUYWRITE ETF?
The current trend direction for INVESCO S&P 500 BUYWRITE ETF (PBP) is Bullish.
What is the RSI signal for INVESCO S&P 500 BUYWRITE ETF (PBP) stock?
INVESCO S&P 500 BUYWRITE ETF (PBP) has an RSI value of 67.0498. This indicates that the stock is currently neutral.
What is the short term momentum for PBP stock?
The short term momentum for INVESCO S&P 500 BUYWRITE ETF (PBP) is positive.
What is the buy/sell signal for PBP stock?
The buy/sell signal for INVESCO S&P 500 BUYWRITE ETF (PBP) is buy as both the short term and long term trends are positive.