INVESCO GLOBAL WATER ETF (PIO) Stock Technical Analysis
NASDAQ:PIO - Nasdaq - US46138E6510 - ETF - Currency: USD
Taking everything into account, PIO scores 8 out of 10 in our technical rating. Although PIO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
PIO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 43.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.20, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PIO in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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36.73
4 important support areas can be observed.
- A support zone ranging from 42.65 to 43.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.23 to 41.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.80 from a trend line in the weekly time frame.
- Support @37.10 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for PIO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PIO is up. |
| ChartMill Relative Strength | 62.75 | NEUTRAL | PIO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PIO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PIO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PIO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.15 | NEUTRAL | The RSI value for PIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests PIO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 86.52 | OVERBOUGHT | The high Stochastics value suggests PIO may be overbought. |
| Average True Range in percent/ATR (20) | 0.93 | LOW VOLATILITY | The low ATR as a percentage value for PIO suggests low volalility. |
| Average Directional Index/ADX (14) | 20.05 | NEUTRAL | The ADX value for PIO suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 43.66 | 42.27 | 1.39 (3.18%) | 25.00% |
| An entry @43.66. This is a Buy Stop order right above the resistance zone. | An exit @42.27. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.39 points, which is 3.18%. | For a 0.80% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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:PIO (6/9/2025, 9:44:42 AM)
43.67
+0.03 (+0.07%)