INVESCO HIGH YIELD EQUITY DI (PEY) Stock Technical Analysis
NASDAQ:PEY - Nasdaq - US46137V5637 - ETF - Currency: USD
Overall PEY gets a technical rating of 1 out of 10. PEY'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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, PEY is a bad performer in the overall market: 63% of all stocks are doing better.
PEY 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 PEY is lagging the market slightly.
In the last month PEY has a been trading in a tight range between 19.88 and 20.86.
Although the technical rating is bad, PEY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
19.15
22.64
When analyzing the support we notice one important area.
- A support zone ranging from 19.34 to 19.58. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 20.31 to 21.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.42 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for PEY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PEY is neutral. |
| ChartMill Relative Strength | 37.56 | NEUTRAL | PEY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PEY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PEY is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PEY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.6 | NEUTRAL | The RSI value for PEY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PEY has a negative trend. |
| Stochastics (14,3) | 34.03 | NEUTRAL | The Stochastics value for PEY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for PEY suggests low volalility. |
| Average Directional Index/ADX (14) | 14.11 | NEGATIVE | The low ADX value for PEY 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)
20.26
+0.01 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.05%
1 Week0.9%
2 Weeks-1.89%
1 Month2.27%
3 Month-8.12%
6 Month-11.87%
12 Month0.3%
2 Year10.83%
3 Year-8.37%
5 Year40.99%
10 Year51.87%
15 Year153.25%
Volatility
ATR(14)0.3
ATR(20)%1.42%
ATR Inc-34.84%
Range Today0.21
ADR(20)0.24
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
CRS37.56
Mansfield-0.73
10 Day High20.86
10 Day Low19.9
20 Day High20.86
20 Day Low19.88
52 Week High23.22
52 Week Low18.32
CS1 End19.58
CR1 Start20.31
Volume & EV
DER(3)-4.74%
DER(5)-2.61%
Volume174.40K
Volume Incr8.59%
Vol(5)160.46K
Vol(50)190.01K