INVESCO OPTIMUM YIELD DIVERS (PDBC) Stock Technical Analysis
NASDAQ:PDBC • US46090F1003
We assign a technical rating of 8 out of 10 to PDBC. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PDBC is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- PDBC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PDBC is lagging the market slightly.
- PDBC has an average volume of 6109370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, PDBC outperforms 63% of them, which is more or less in line with the market.
- In the last month PDBC has a been trading in the 13.89 - 15.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PDBC has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.40
When analyzing the support we can see 4 important areas.
- A support zone ranging from 13.90 to 14.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.30 to 13.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 12.81 to 12.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.53 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @14.72 from a horizontal line in the weekly 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 PDBC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PDBC is up. |
| ChartMill Relative Strength | 63.61 | NEUTRAL | PDBC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PDBC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PDBC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PDBC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.53 | NEUTRAL | The RSI value for PDBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PDBC has a positive trend. |
| Stochastics (14,3) | 86.64 | OVERBOUGHT | The high Stochastics value suggests PDBC may be overbought. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for PDBC suggests low volalility. |
| Average Directional Index/ADX (14) | 25.39 | POSITIVE | The high ADX value value for PDBC suggests a strong 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 |
|---|---|---|---|
| 14.73 | 13.97 | 0.77 (5.19%) | 19.25% |
| An entry @14.73. This is a Buy Stop order right above the resistance zone. | An exit @13.96. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.77 points, which is 5.19%. | When investing 19.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
14.71
+0.07 (+0.48%)
INVESCO OPTIMUM YIELD DIVERS / PDBC FAQ
What is the ChartMill technical rating of INVESCO OPTIMUM YIELD DIVERS (PDBC) stock?
ChartMill assigns a technical rating of 8 / 10 to PDBC.
What is the trend direction for PDBC stock?
The current trend direction for INVESCO OPTIMUM YIELD DIVERS (PDBC) is Bullish.
What is the RSI signal for INVESCO OPTIMUM YIELD DIVERS (PDBC) stock?
INVESCO OPTIMUM YIELD DIVERS (PDBC) has an RSI value of 60.525. This indicates that the stock is currently neutral.
What is the MACD signal for PDBC stock?
The MACD indicator for INVESCO OPTIMUM YIELD DIVERS (PDBC) has a value of 0.0108032, indicating a bearish trend.
What is the support and resistance level for PDBC stock?
INVESCO OPTIMUM YIELD DIVERS (PDBC) has a support level at 14.13 and a resistance level at 14.72. Check the full technical report for our detailed analysis of PDBC support and resistance levels.