INVESCO DYNAMIC SOFTWARE ETF (PSJ) Stock Technical Analysis
NYSEARCA:PSJ - US46137V6395 - ETF
32.65 USD
+0.18 (+0.56%)
Taking everything into account, PSJ scores 0 out of 10 in our technical rating. PSJ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, PSJ is a bad performer in the overall market: 64% of all stocks are doing better.
PSJ is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Warning: PSJ has an average volume of 16076 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
PSJ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PSJ is lagging the market.
The technical rating of PSJ is bad and it also does not present a 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
28.68
37.82
We found 4 important support areas.
- Support @32.01 from a trend line in the daily time frame.
- Support @31.46 from a horizontal line in the daily time frame.
- Support @30.69 from a horizontal line in the daily time frame.
- A support zone ranging from 28.97 to 29.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @36.51 from a trend line in the weekly time frame.
- A resistance zone ranging from 37.26 to 37.45. 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 | DOWN | NEGATIVE | The long term trend for PSJ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PSJ is down. |
| ChartMill Relative Strength | 36.96 | NEUTRAL | PSJ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PSJ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PSJ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PSJ is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.76 | NEUTRAL | The RSI value for PSJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PSJ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.07 | NEUTRAL | The Stochastics value for PSJ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for PSJ suggests low volalility. |
| Average Directional Index/ADX (14) | 33.16 | POSITIVE | The high ADX value value for PSJ suggests a strong 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)
NYSEARCA:PSJ (8/25/2023, 8:21:50 PM)
32.65
+0.18 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.56%
1 Week1.5%
2 Weeks-0.82%
1 Month-11%
3 Month-4.84%
6 Month1.51%
12 Month-2.65%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%1.86%
ATR Inc36.15%
Range Today0.63
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.96
Mansfield-0.73
10 Day High33.26
10 Day Low31.66
20 Day High37.26
20 Day Low31.66
52 Week High38.22
52 Week Low28.56
CS1 End32.01
CR1 Start36.51
Volume & EV
DER(3)0.14%
DER(5)2.4%
Volume41.70K
Volume Incr-35.63%
Vol(5)17.26K
Vol(50)16.08K