INVESCO FTSE RAFI DEVELOPED (PDN)       31.7114  -0.22 (-0.68%)

31.7114  -0.22 (-0.68%)

US46138E7351 - ETF

Technical Rating

8

We assign a technical rating of 8 out of 10 to PDN. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PDN is only an average performer.



The long and short term trends are both positive. This is looking good!
In the last month PDN has a been trading in the 29.47 - 32.10 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that PDN is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
PDN is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months 9.27% 18.61% 4.07% -7.19% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 74.88 24.93 - 36.06
PDN Weekly chart
PDN Daily chart

Support/Resistance Analysis


28.77

32.26
2 important support areas can be observed.
  • A support zone ranging from 30.65 to 30.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 29.06 to 29.50. 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 31.94 to 31.94. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

6

PDN 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.


Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
31.9530.931.02 (3.20%)25.00%
An entry @31.95. This is a Buy Stop order right above the resistance zone.An exit @30.93. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 1.02 points, which is 3.20%.For a 0.80% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.
PDN Daily chart

INVESCO FTSE RAFI DEVELOPED31.7114

NYSEARCA:PDN (1/30/2023, 12:47:38 PM)-0.22 (-0.68%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A

Performance
Today -0.68% 1 Week 1.08%
2 Weeks 2.44% 1 Month 9.27%
3 Month 18.61% 6 Month 4.07%

Volatility
ATR(14) 0.38 ATR(20)% 1.3%
ATR Inc -38.5% Range Today 0.27

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 74.88 Mansfield 0.37
10 Day High 32.1 10 Day Low 30.94
20 Day High 32.1 20 Day Low 29.47
52 Week High 36.06 52 Week Low 24.93
CS1 End 30.9 CR1 Start 31.94

Volume & EV
DER(3) -1.38% DER(5) -0.49%
Volume 21.19K Volume Incr -15.43%
Vol(5) 32.26K Vol(50) 44.68K

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