Cleantech Invesco ETF (PZD) Stock Technical Analysis
NYSEARCA:PZD
Taking everything into account, PZD scores 2 out of 10 in our technical rating. In the last year, PZD was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- In the last month PZD has a been trading in the 70.58 - 79.08 range, which is quite wide. It is currently trading near the lows of this range.
- PZD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PZD is lagging the market slightly.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When comparing the performance of all stocks over the past year, PZD turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
- Considerably lower volume is observed in the last couple of days.
PZD has a poor technical rating and the quality of the setup is also not perfect 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.
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69.99
2 important support areas can be observed.
- A support zone ranging from 72.05 to 72.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @70.70 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 75.09 to 75.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 82.34 to 82.78. 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 PZD is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PZD is down. |
| ChartMill Relative Strength | 57.26 | NEUTRAL | PZD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PZD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PZD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PZD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.42 | NEUTRAL | The RSI value for PZD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests PZD has a negative trend. |
| Stochastics (14,3) | 45.25 | NEUTRAL | The Stochastics value for PZD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for PZD suggests some volalility. |
NYSEARCA:PZD (3/24/2021, 8:05:32 PM)
72.12
-1.3 (-1.77%)
Cleantech Invesco ETF / PZD FAQ
What is the technical rating for PZD stock?
ChartMill assigns a technical rating of 2 / 10 to PZD.
Can you provide the trend direction for Cleantech Invesco ETF?
The current trend direction for Cleantech Invesco ETF (PZD) is Bullish.
What is the RSI signal for Cleantech Invesco ETF (PZD) stock?
Cleantech Invesco ETF (PZD) has an RSI value of 37.4235. This indicates that the stock is currently neutral.
What is the buy/sell signal for PZD stock?
The buy/sell signal for Cleantech Invesco ETF (PZD) is hold as the short term and long term trends are mixed.
What is the support and resistance level for PZD stock?
Cleantech Invesco ETF (PZD) has a support level at 72.11 and a resistance level at 75.09. Check the full technical report for our detailed analysis of PZD support and resistance levels.