INVESCO OPTIMUM YIELD DIVERS (PDBC) Stock Technical Analysis
NASDAQ:PDBC - Nasdaq - US46090F1003 - ETF - Currency: USD
Taking everything into account, PDBC scores 0 out of 10 in our technical rating. PDBC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
69% of all other stocks performed better in the past year than PDBC.
PDBC has an average volume of 5063780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PDBC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PDBC is lagging the market slightly.
In the last month PDBC has a been trading in a tight range between 12.35 and 13.05.
Considerably lower volume is observed in the last couple of days.
PDBC has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 12.71, a Stop Loss order could be placed below this zone.
More info and screens
12.08
14.62
We found 2 important support areas.
- A support zone ranging from 12.53 to 12.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.20 to 12.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 12.81 to 12.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.51 to 13.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.05 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 14.37 to 14.48. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for PDBC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PDBC is neutral. |
| ChartMill Relative Strength | 31.12 | NEUTRAL | PDBC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PDBC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PDBC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PDBC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.28 | NEUTRAL | The RSI value for PDBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PDBC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.92 | NEUTRAL | The Stochastics value for PDBC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.2 | LOW VOLATILITY | The low ATR as a percentage value for PDBC suggests low volalility. |
| Average Directional Index/ADX (14) | 15.61 | NEGATIVE | The low ADX value for PDBC 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)
12.78
-0.08 (-0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.62%
1 Week-0.16%
2 Weeks1.11%
1 Month-0.39%
3 Month-7.19%
6 Month-6.24%
12 Month-10.06%
2 Year-3.4%
3 Year-34.5%
5 Year3.57%
10 Year-37.29%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%1.2%
ATR Inc-34.97%
Range Today0.09
ADR(20)0.11
ADR(20)%0.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.12
Mansfield-0.7
10 Day High13.05
10 Day Low12.66
20 Day High13.05
20 Day Low12.35
52 Week High14.48
52 Week Low12.02
CS1 End12.71
CR1 Start12.81
Volume & EV
DER(3)0.36%
DER(5)-1.1%
Volume2.35M
Volume Incr-42.08%
Vol(5)2.85M
Vol(50)5.06M