INVESCO WATER RESOURCES ETF (PHO) Stock Technical Analysis
USA - NASDAQ:PHO - US46137V1420 - ETF
Overall PHO gets a technical rating of 3 out of 10. In the last year, PHO was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
Although the technical rating is bad, PHO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 71.16, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PHO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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68.92
When analyzing the support we notice one important area.
- A support zone ranging from 69.62 to 71.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 71.76 to 72.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 73.98 to 74.61. 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 PHO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PHO is neutral. |
| ChartMill Relative Strength | 47.96 | NEUTRAL | PHO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PHO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PHO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PHO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.3 | NEUTRAL | The RSI value for PHO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests PHO has a negative trend. |
| Stochastics (14,3) | 41.8 | NEUTRAL | The Stochastics value for PHO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.34 | LOW VOLATILITY | The low ATR as a percentage value for PHO suggests low volalility. |
| Average Directional Index/ADX (14) | 15.1 | NEGATIVE | The low ADX value for PHO suggests a weak or negative trend. |
71.5
-0.53 (-0.74%)
INVESCO WATER RESOURCES ETF / PHO FAQ
What is the technical rating for PHO stock?
ChartMill assigns a technical rating of 3 / 10 to PHO.
Can you provide the trend direction for INVESCO WATER RESOURCES ETF?
The current trend direction for INVESCO WATER RESOURCES ETF (PHO) is Bullish.
Can you provide the RSI signal for INVESCO WATER RESOURCES ETF?
INVESCO WATER RESOURCES ETF (PHO) has an RSI value of 43.2955. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INVESCO WATER RESOURCES ETF?
The short term momentum for INVESCO WATER RESOURCES ETF (PHO) is neutral.
Can you provide the support and resistance levels for INVESCO WATER RESOURCES ETF?
INVESCO WATER RESOURCES ETF (PHO) has a support level at 71.16 and a resistance level at 71.76. Check the full technical report for our detailed analysis of PHO support and resistance levels.