For its latest trading sesion, Invesco DWA Basic Materials Momentum ETF (PYZ) spiked up by 0.6% – here is what that looked like (as of 2019-10-29):
Why are these moves happning?? To understand this better, We ought to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.447, an Accumulation/Distribution Index (ADI) of 0.447, an On-Balance Volume (OBV) of 117.48, and a Chaiikin Money Flow (CMF) of -58.55. 1.0
So what do these technical indicators mean? Let’s see. Consulting Trading View, this is what it all means:
So there you have it – our analysis of Invesco DWA Basic Materials Momentum ETF (PYZ). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.
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