INVESCO DORSEY WRIGHT MOMENT (PDP) Stock Technical Analysis
NASDAQ:PDP - Nasdaq - US46137V8375 - ETF - Currency: USD
Overall PDP gets a technical rating of 5 out of 10. In the last year, PDP was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month PDP has a been trading in the 107.87 - 114.99 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Warning: PDP has an average volume of 21200 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
PDP 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 PDP is lagging the market slightly.
When compared to the yearly performance of all other stocks, PDP outperforms 60% of them, which is more or less in line with the market.
PDP has an average technical rating and it also does not offer a high quality setup 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
90.05
118.73
When analyzing the support we can see 3 important areas.
- A support zone ranging from 108.02 to 109.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @95.42 from a trend line in the weekly time frame.
- Support @90.96 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Strong 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 | UP | POSITIVE | The long term trend for PDP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PDP is neutral. |
| ChartMill Relative Strength | 60.22 | NEUTRAL | PDP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PDP is below a declining 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 | POSITIVE | The current price of PDP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.93 | NEUTRAL | The RSI value for PDP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests PDP has a negative trend. |
| Stochastics (14,3) | 22.94 | NEUTRAL | The Stochastics value for PDP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for PDP suggests low volalility. |
| Average Directional Index/ADX (14) | 16.19 | 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)
109.712
+0.16 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.14%
1 Week-2.22%
2 Weeks-2.19%
1 Month-1.73%
3 Month5.98%
6 Month0.84%
12 Month8.34%
2 Year35.03%
3 Year48.16%
5 Year41.25%
10 Year164.11%
15 Year481.1%
Volatility
ATR(14)1.58
ATR(20)%1.36%
ATR Inc27.41%
Range Today1.87
ADR(20)1.31
ADR(20)%1.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.22
Mansfield-0.53
10 Day High113.35
10 Day Low107.87
20 Day High114.99
20 Day Low107.87
52 Week High117.67
52 Week Low86.41
CS1 End109.7
CR1 Start114.34
Volume & EV
DER(3)-0.01%
DER(5)-0.48%
Volume20.40K
Volume Incr10.01%
Vol(5)19.12K
Vol(50)21.20K