Index Trend Analysis Report
Prepared for you on Tuesday, April 20, 2021.
Invesco DWA Momentum ETF (GIF:PDP)
Sidelines Mode (-55) - PDP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for PDP
The long-term trend has been DOWN since Mar 4th, 2021 at 82.057
The intermediate-term trend has been UP since Apr 6th, 2021 at 87.747
The short-term trend has been DOWN since Apr 19th, 2021 at 87.016
Smart Scan Analysis for PDP
Based on our trend formula, PDP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).