INVESCO AEROSPACE & DEFENSE (PPA) Stock Technical Analysis
NYSEARCA:PPA - US46137V1008 - ETF
146.916 USD
+1.39 (+0.95%)
146.69 USD
-0.23 (-0.15%)
We assign a technical rating of 9 out of 10 to PPA. In the last year, PPA was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, PPA did better than 83% of all other stocks. On top of that, PPA also shows a nice and consistent pattern of rising prices.
PPA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PPA has a been trading in a tight range between 142.07 and 148.83.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, PPA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 145.52, a Stop Loss order could be placed below this zone.
More info and screens
106.88
149.43
When analyzing the support we can see 4 important areas.
- A support zone ranging from 141.02 to 146.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @114.15 from a horizontal line in the daily time frame.
- Support @111.88 from a trend line in the weekly time frame.
- Support @107.96 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 147.37 to 147.95. 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 PPA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PPA is neutral. |
| ChartMill Relative Strength | 83.62 | POSITIVE | PPA has a high relative strength, it outperformed 83.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PPA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PPA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PPA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.68 | NEUTRAL | The RSI value for PPA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests PPA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.19 | NEUTRAL | The Stochastics value for PPA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.29 | LOW VOLATILITY | The low ATR as a percentage value for PPA suggests low volalility. |
| Average Directional Index/ADX (14) | 16.02 | NEGATIVE | The low ADX value for PPA 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)
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 |
|---|---|---|---|
| 147.96 | 143.43 | 4.53 (3.06%) | 25.00% |
| An entry @147.96. This is a Buy Stop order right above the resistance zone. | An exit @143.43. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.53 points, which is 3.06%. | For a 0.77% 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.
146.916
+1.39 (+0.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.95%
1 Week-0.95%
2 Weeks-1.18%
1 Month-0.58%
3 Month12.29%
6 Month27.56%
12 Month30.49%
2 Year71.7%
3 Year103.4%
5 Year149.79%
10 Year327.4%
15 Year821.66%
Volatility
ATR(14)1.8
ATR(20)%1.29%
ATR Inc-18.2%
Range Today1.83
ADR(20)1.8
ADR(20)%1.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.62
Mansfield0.89
10 Day High148.83
10 Day Low143.44
20 Day High148.83
20 Day Low142.07
52 Week High148.83
52 Week Low100.39
CS1 End145.52
CR1 Start146.43
Volume & EV
DER(3)-3.06%
DER(5)0.52%
Volume166.45K
Volume Incr-47.6%
Vol(5)125.78K
Vol(50)233.90K