INVESCO PHARMACEUTICALS ETF (PJP) Stock Technical Analysis
USA - NYSEARCA:PJP - US46137V6627 - ETF
Taking everything into account, PJP scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PJP is showing a nice and steady performance.
Although PJP has an excellent technical rating, it 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
75.19
6 important support areas can be observed.
- A support zone ranging from 97.19 to 99.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 94.08 to 95.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 90.21 to 91.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @86.79 from a trend line in the daily time frame.
- Support @78.89 from a horizontal line in the daily time frame.
- Support @75.95 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 PJP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PJP is up. |
| ChartMill Relative Strength | 82.29 | POSITIVE | PJP has a high relative strength, it outperformed 82.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PJP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PJP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PJP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.12 | OVERBOUGHT | The high RSI value suggests PJP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests PJP has a positive trend. |
| Stochastics (14,3) | 87.59 | OVERBOUGHT | The high Stochastics value suggests PJP may be overbought. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for PJP suggests low volalility. |
| Average Directional Index/ADX (14) | 38.75 | POSITIVE | The high ADX value value for PJP suggests a strong trend. |
102.16
+0.59 (+0.58%)
INVESCO PHARMACEUTICALS ETF / PJP FAQ
What is the technical rating for PJP stock?
ChartMill assigns a technical rating of 10 / 10 to PJP.
What is the trend direction for PJP stock?
The current trend direction for INVESCO PHARMACEUTICALS ETF (PJP) is Bullish.
Can you provide the RSI signal for INVESCO PHARMACEUTICALS ETF?
INVESCO PHARMACEUTICALS ETF (PJP) has an RSI value of 78.1197. This indicates that the stock is currently overbought.
What is the short term momentum for INVESCO PHARMACEUTICALS ETF (PJP) stock?
The short term momentum for INVESCO PHARMACEUTICALS ETF (PJP) is positive.
What is the support and resistance level for PJP stock?
INVESCO PHARMACEUTICALS ETF (PJP) has a support level at 99.08. Check the full technical report for our detailed analysis of PJP support and resistance levels.