INVESCO DORSEY WRIGHT MOMENT (PDP) Stock Technical Analysis
NASDAQ:PDP - Nasdaq - US46137V8375 - ETF - Currency: USD
Taking everything into account, PDP scores 6 out of 10 in our technical rating. In the past year, PDP was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Warning: PDP has an average volume of 23212 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
PDP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, PDP outperforms 64% of them, which is more or less in line with the market.
PDP 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 PDP is lagging the market slightly.
In the last month PDP has a been trading in a tight range between 101.07 and 107.02.
PDP has only a medium 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 105.28, a Stop Loss order could be placed below this zone.
More info and screens
89.78
118.73
We found 3 important support areas.
- A support zone ranging from 102.88 to 105.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @92.58 from a trend line in the weekly time frame.
- A support zone ranging from 90.69 to 90.96. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 105.53 to 107.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @111.29 from a trend line in the daily time frame.
- Resistance @114.34 from a horizontal line in the daily time frame.
- A resistance zone ranging from 117.55 to 117.55. 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 | NEUTRAL | NEUTRAL | The long term trend for PDP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PDP is up. |
| ChartMill Relative Strength | 64.15 | NEUTRAL | PDP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PDP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PDP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PDP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.63 | NEUTRAL | The RSI value for PDP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests PDP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.11 | NEUTRAL | The Stochastics value for PDP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.18 | LOW VOLATILITY | The low ATR as a percentage value for PDP suggests low volalility. |
| Average Directional Index/ADX (14) | 16 | NEGATIVE | The low ADX value for PDP 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 |
|---|---|---|---|
| 107.31 | 102.38 | 4.93 (4.59%) | 21.77% |
| An entry @107.31. This is a Buy Stop order right above the resistance zone. | An exit @102.38. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.93 points, which is 4.59%. | When investing 21.77% 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.
NASDAQ:PDP (5/30/2025, 8:25:44 PM)
105.48
+0.62 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.59%
1 Week1.67%
2 Weeks-0.17%
1 Month5.09%
3 Month-1.84%
6 Month-9.65%
12 Month9.2%
2 Year42.39%
3 Year37.58%
5 Year58.43%
10 Year143.66%
15 Year435.16%
Volatility
ATR(14)1.25
ATR(20)%1.18%
ATR Inc-21.57%
Range Today0.92
ADR(20)0.99
ADR(20)%0.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.15
Mansfield-0.18
10 Day High107.02
10 Day Low102.39
20 Day High107.02
20 Day Low101.07
52 Week High117.67
52 Week Low86.41
CS1 End105.28
CR1 Start105.53
Volume & EV
DER(3)2.54%
DER(5)1%
Volume17.40K
Volume Incr-44.35%
Vol(5)12.68K
Vol(50)23.21K