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Stock Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)
Countertrend Up (+85) - PDP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid PDP?
MarketClub looks at technical strength and momentum to determine if the timing is right for PDP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for PDP
The long-term trend has been UP since Dec 1st, 2023 at 81.8500
The intermediate-term trend has been UP since Nov 10th, 2023 at 78.6801
The short-term trend has been DOWN since Dec 6th, 2023 at 80.5900
Smart Scan Analysis for PDP
Based on our trend formula, PDP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 80.4600 | 80.7031 | 80.3400 | 80.7031 | +0.4131 |
| Prev. Close | Volume | Bid | Ask | Time |
| 80.7000 | 15831 | 2023-12-07 15:57:42 |
| Year High | 60.23 | Year High Date | 2018-09-14 |
| Year Low | 49.4401 | Year Low Date | 2018-02-09 |
| 52wk High | 82.76 | 52wk High Date | 2023-07-19 |
| 52wk Low | 69.69 | 52wk Low Date | 2022-12-22 |
| Average Volume | 41,212 | Shares Outstanding | 29,050 |
| Market Cap | 1,555M | Volatility | 25.63 |