INVESCO CALIFORNIA AMT-FREE (PWZ) Stock Technical Analysis
NYSEARCA:PWZ - NYSE Arca - US46138E2063 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to PWZ. PWZ 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, PWZ is a bad performer in the overall market: 80% of all stocks are doing better.
PWZ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month PWZ has a been trading in a tight range between 22.75 and 23.43.
Volume is considerably higher in the last couple of days.
PWZ has a poor technical rating and the quality of the setup is also only medium 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
22.48
25.50
We found 1 important support area.
- A support zone ranging from 22.71 to 22.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 22.93 to 23.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.48 to 24.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 25.18 to 25.25. 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 PWZ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PWZ is down. |
| ChartMill Relative Strength | 20.75 | NEGATIVE | PWZ has a low relative strength, it was outperformed by 79.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PWZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PWZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PWZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 27.32 | OVERSOLD | The low RSI value suggests PWZ may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests PWZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.46 | OVERSOLD | The low Stochastics value suggests PWZ may be oversold. |
| Average True Range in percent/ATR (20) | 0.5 | LOW VOLATILITY | The low ATR as a percentage value for PWZ suggests low volalility. |
| Average Directional Index/ADX (14) | 12.59 | NEGATIVE | The low ADX value for PWZ 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)
22.8
+0.01 (+0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.04%
1 Week-0.13%
2 Weeks-1.94%
1 Month-2.19%
3 Month-2.52%
6 Month-6.75%
12 Month-8.4%
2 Year-7.28%
3 Year-9.6%
5 Year-18.1%
10 Year-9.99%
15 Year-4.84%
Volatility
ATR(14)0.12
ATR(20)%0.5%
ATR Inc-37.54%
Range Today0.07
ADR(20)0.11
ADR(20)%0.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.75
Mansfield-1.42
10 Day High23.43
10 Day Low22.75
20 Day High23.43
20 Day Low22.75
52 Week High25.49
52 Week Low22.23
CS1 End22.79
CR1 Start22.93
Volume & EV
DER(3)1.98%
DER(5)4.01%
Volume583.18K
Volume Incr18.98%
Vol(5)925.90K
Vol(50)681.28K