INVESCO PREFERRED ETF (PGX) Stock Technical Analysis
NYSEARCA:PGX - NYSE Arca - US46138E5116 - ETF - Currency: USD
Overall PGX gets a technical rating of 4 out of 10. In the past year, PGX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, PGX is a bad performer in the overall market: 65% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
PGX has an average volume of 6234170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PGX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PGX is lagging the market.
In the last month PGX has a been trading in a tight range between 11.12 and 11.36.
PGX 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
10.66
12.14
When analyzing the support we notice one important area.
- A support zone ranging from 10.77 to 11.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- Resistance @11.41 from a horizontal line in the daily time frame.
- Resistance @11.69 from a horizontal line in the daily time frame.
- Resistance @12.02 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 | NEUTRAL | NEUTRAL | The long term trend for PGX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PGX is up. |
| ChartMill Relative Strength | 35.12 | NEUTRAL | PGX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PGX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PGX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PGX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.26 | NEUTRAL | The RSI value for PGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PGX has a positive trend. |
| Stochastics (14,3) | 67.73 | NEUTRAL | The Stochastics value for PGX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.68 | LOW VOLATILITY | The low ATR as a percentage value for PGX suggests low volalility. |
| Average Directional Index/ADX (14) | 16.97 | NEGATIVE | The low ADX value for PGX 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)
11.33
+0.11 (+0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.98%
1 Week1.43%
2 Weeks0.71%
1 Month0.62%
3 Month2.44%
6 Month-1.9%
12 Month-3.16%
2 Year-0.79%
3 Year-13.25%
5 Year-23.03%
10 Year-22.93%
15 Year-19.47%
Volatility
ATR(14)0.07
ATR(20)%0.68%
ATR Inc27.3%
Range Today0.09
ADR(20)0.07
ADR(20)%0.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.12
Mansfield-1.01
10 Day High11.33
10 Day Low11.13
20 Day High11.36
20 Day Low11.12
52 Week High12.54
52 Week Low10.7
CS1 End11.26
CR1 Start11.41
Volume & EV
DER(3)-1.21%
DER(5)-0.67%
Volume5.36M
Volume Incr-9.72%
Vol(5)5.72M
Vol(50)6.23M