Trading Signals: PEJ Stock Price Prediction and Forecast

^ PEJ: Intraday Forecast Similar Waves Research Timing Gains Losses Strategies Practice

Tue. Jul. 28, 2020

Trading Signals: PEJ Stock Price Prediction and Forecast (Thu. Jun. 23, 2005 - Wed. Mar. 3, 2021)

(Invesco Dynamic Leisure and Entertainment ETF)
PEJ latest price $29.8800 (-0.96%) ($29.8500 - $30.2200) on Tue. Jul. 28, 2020.

Trend Analysis and Forecast

Trend Pattern   Downtrend Reversal
Trend Narrative   Uptrend
Average Daily Price Swing   $0.56 (1.87% one month average)
Average Daily Percentage Swing   2.72% (three month average)
Weekly Trend Force   0.1% (StdDev 2.72%)
Daily Moving Force   -0.3%
Correction Force   Weak (0%)
Trend   0.22%
Trend Strength   1.5%
RSI   55
Momentum   0.7
Latest Price   $29.8800(-0.96%)
Forecasted Low Price   29.67(-0.7%)
Forecasted High Price   30.18(1%)
Direction of Next Movement   Range(0.2%)
% Change Needed for Trend Reversal   -0.2%
Hourly Trend -0.2% [$30.08(-0.05), $30.14(-0.11)]
Stocks Behave Similarly   Similar Stock List
Complacency   4
Intraday Reversal Probability   There's a high probability the price will reverse sharply to upside intraday or next day..
Daily Trend   PEJ declines -0.3% a day on average for past five trading days.
Weekly Trend   PEJ advances 1.2% a week on average for past two weeks.
Market Behavior   Growth stock sell-off for large cap. Growth stock sell-off for small cap.
Correlated ETFs   Broad market will support PEJ decline at-0.3% a week (85% probability)
IWN(82%)    IWD(81%)    IVE(79%)    IWM(78%)    SDY(78%)
Factors Impacting PEJ price   PEJ will advance at least 0.2% in a week (41% probabilities).
VXX(-53%)    VIXM(-49%)    TLT(-34%)    UUP(-22%)    SHY(-19%)
Explanation The decline is not sustainable and not supported by the broad market.
Trading Plan   Not Available

Valuation to SPY -0.8

Relative Volatility -0.9 (options are cheap)

Market Trend Strength   2.7755575615629E-17% (StdDev 2.72%)
Hourly BBV -2.4 ()
Intraday Trend -0.6%

Next Day Open Price   $29.86(-0.06%)
5 Day Moving Average   $30.2(-1.06%)
10 Day Moving Average   $30.36(-1.58%)
20 Day Moving Average   $29.92(-0.13%)
To recent high   -12.6%
To recent low   20.3%
Market Cap   $N/A

Option Sentiment

$. Technical analysis works only if the market conditions in the future are not drastically different from the past. Always read market news to understand the causes of the price movement before making a trading decision. News

$. PEJ price fluctuates within 1.87% (three month std-dev: 2.72% one year average std_dev: 0%) daily (68% of days).
$. PEJ price fluctuates within 0% weekly (one year average std_dev: %).

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200828

i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Strength	RSI	Momentum	Trend Pattern	Next Direction	C	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low
1	Jul_28_2020	29.92 (0.2%)	30.36 (0.2%)	30.2 (-0.3%)	30.14	30.08(0%)	29.88(-0.96%)	29.85-30.22	0.5(-0.1)	-2.4	-0.3%	0.1%	0%	0.22%	1.5%	55	0.7	Downtrend Reversal	Range(0.3%)	4	-0.8	1.8	Uptrend	29.94(0.21%)	29.89-29.96	0.05	-12.6%-20.3%
2	Jul_27_2020	29.89 (0.2%)	30.34 (0.2%)	30.2 (0%)	30.25	30.13(0%)	30.17(-0.17%)	29.85-30.31	0.8(0.5)	-1.2	-0.2%	0.3%	0%	0.24%	1.5%	60	0.7	Uptrend Consolidation	Range(0.2%)	5	-0.6	1.8	Uptrend	30.22(0.17%)	30.14-30.26	0.09	-11.7%-21.5%
3	Jul_24_2020	29.8 (0%)	30.26 (0.2%)	30.29 (-0.1%)	30.31	30.21(0%)	30.22(-0.17%)	29.91-30.27	0.8(0.6)	-1.8	-0.3%	0.2%	0%	0.2%	1.5%	53	0.8	Correction	Range(-0%)	6	0	1.5	Uptrend	30.27(0.17%)	30.15-30.32	0.03	-11.6%-21.7%
4	Jul_23_2020	29.74 (0%)	30.21 (0.4%)	30.33 (-0.4%)	30.35	30.37(0%)	30.27(-0.69%)	29.93-30.55	1(0.8)	-2.9	-0.2%	0.3%	0%	0.22%	1.6%	59	0.8	Correction	Range(0.4%)	6	-0.4	1.4	Uptrend	30.32(0.15%)	30.18-30.37	0.06	-11.4%-21.9%
5	Jul_22_2020	29.7 (0%)	30.11 (0.4%)	30.44 (-0.4%)	30.42	30.42(0%)	30.48(0.49%)	30.25-30.58	1.1(1.2)	-2.9	%	0.2%	0%	0.24%	1.4%	58	0.8	Growing Uptrend	Range(0.2%)	5	-0.8	1.7	Uptrend	30.5(0.08%)	30.33-30.58	0.06	-10.8%-22.7%

6	Jul_21_2020	29.68 (0%)	30.01 (0.4%)	30.55 (0.6%)	30.48	30.32(0%)	30.33(0.66%)	30.25-30.68	1.3(1)	-1.2	-0.1%	0.3%	0%	0.3%	1.1%	60	0.8	Uptrend Consolidation	Range(0.2%)	5	-0.8	1.7	Growing Uptrend	30.42(0.29%)	30.23-30.46	0.07	-11.2%-22.1%
7	Jul_20_2020	29.68 (0%)	29.91 (0.4%)	30.38 (0.6%)	30.53	30.42(0%)	30.13(-1.02%)	29.95-30.46	1.2(0.7)	-0.7	%	0.1%	0%	0.26%	0.8%	59	0.8	Uptrend Consolidation	Range(0.6%)	5	-1.1	2.1	N/A	30.13(-0.01%)	29.88-30.33	0.05	-11.8%-21.3%
8	Jul_17_2020	29.66 (-0%)	29.88 (0.4%)	30.21 (0.5%)	30.29	30.64(0%)	30.44(-1.27%)	30.27-30.87	1(1.2)	-0.3	0.3%	0.3%	0%	0.26%	0.8%	67	0.8	Growing Uptrend	Range(1.2%)	6	-0.2	2	N/A	30.35(-0.3%)	29.99-30.64	0.11	-10.9%-22.5%
9	Jul_16_2020	29.65 (-0%)	29.77 (0.4%)	30.06 (1.1%)	30.06	30.65(0%)	30.83(-0.68%)	30.4-30.84	0.8(1.8)	1.7	1.7%	0.4%	0%	0.24%	0.4%	61	0.8	Growing Uptrend	Higher(2.4%)	6	0.6	1.8	Uptrend Reversal	31.05(0.71%)	30.86-31.17	0.06	-9.8%-26.1%
10	Jul_15_2020	29.61 (-0.2%)	29.63 (0.2%)	29.72 (1%)	29.73	29.94(0%)	31.04(5.36%)	30.17-31.11	0.3(2.3)	2.4	1.3%	0.5%	0%	0.14%	0%	60	0.7	Breakout	Higher(1.8%)	6	0.6	1.8	Uptrend Reversal	31.25(0.67%)	31.07-31.36	0.14	-9.2%-27%

11	Jul_14_2020	29.58 (-0.2%)	29.42 (0%)	29.42 (0.1%)	29.38	29.48(0%)	29.46(0.65%)	28.95-29.49	-0.4(-0.2)	-1.3	-0.1%	0%	0%	-0.04%	-0.5%	43	0.7	N/A Downtrend Pop	Range(-0.1%)	6	-1.4	1.3	Rebound	29.53(0.25%)	29.43-29.58	0.06	-13.8%-20.5%
12	Jul_13_2020	29.63 (-0.4%)	29.39 (-0%)	29.38 (-0.4%)	29.41	29.52(0%)	29.27(-1.48%)	29.27-30.27	-0.5(-0.6)	-1.2	0.5%	0.2%	0%	-0.12%	-0.8%	43	0.7	Uptrend Reversal	Range(1.4%)	5	-1.1	1	Rebound	29.47(0.67%)	29.21-29.58	0.11	-14.3%-19.8%
13	Jul_10_2020	29.69 (-0.4%)	29.3 (-0%)	29.5 (0.3%)	29.32	29.23(0%)	29.71(2.06%)	28.94-29.71	-0.4(0)	2.9	%	0.1%	0%	-0.18%	-1.3%	46	0.7	N/A	Range(0.1%)	4	-0.8	1.3	Rebound	29.68(-0.1%)	29.62-29.71	0.12	-13.1%-21.6%
14	Jul_9_2020	29.7 (-0.6%)	29.24 (-0.2%)	29.42 (-0.3%)	29.4	29.21(0%)	29.11(-1.52%)	28.5-29.63	-0.6(-0.9)	-2.2	-0.5%	-0.2%	0%	-0.3%	-1.6%	38	0.7	Growing Downtrend	Range(0.1%)	4	-1.2	1	Downtrend	29.03(-0.28%)	28.96-29.2	0.18	-14.8%-19.1%
15	Jul_8_2020	29.83 (-0.6%)	29.26 (-0.2%)	29.51 (0.3%)	29.55	29.4(0%)	29.56(1.06%)	29.08-29.57	-0.5(-0.4)	2.5	-0.3%	-0.3%	0%	-0.3%	-1.9%	44	0.9	Growing Downtrend	Range(-0.6%)	4	-0.8	1.1	Rebound	29.62(0.21%)	29.41-29.71	0.19	-13.5%-20.9%

16	Jul_7_2020	29.98 (-0.4%)	29.32 (-0.2%)	29.42 (0.1%)	29.59	29.58(0%)	29.25(-2.04%)	29.2-29.72	-0.7(-0.7)	-2.7	-0.1%	-0.4%	0%	-0.34%	-2.2%	38	1.1	Growing Downtrend	Range(0.5%)	4	-0.9	1	Downtrend	29.12(-0.45%)	29.01-29.37	0.09	-14.4%-23.1%
17	Jul_6_2020	30.21 (-0.4%)	29.4 (-0.4%)	29.39 (1.1%)	29.48	29.69(0%)	29.86(1.88%)	29.5-29.95	-0.7(-0.3)	3.8	0.6%	-0.2%	0%	-0.34%	-2.7%	42	1.5	Downtrend Consolidation	Range(0.4%)	4	-0.6	1.1	Rebound	29.96(0.35%)	29.6-30.12	0.1	-12.6%-29.6%
18	Jul_2_2020	30.36 (-0.4%)	29.41 (-0.4%)	29.07 (0.1%)	29.26	29.6(0%)	29.31(-0.81%)	29.29-30.1	-1(-0.7)	-0.2	0.9%	-0.4%	0%	-0.44%	-3.1%	40	1.5	Confirmed Rebound Downtrend Pop	Range(0.9%)	3	-0.8	1.2	Downtrend	29.12(-0.66%)	28.96-29.48	0.23	-14.2%-38.3%
19	Jul_1_2020	30.48 (-0.4%)	29.53 (-0.4%)	29.03 (0.2%)	28.94	29.27(0%)	29.55(1.41%)	29.21-29.89	-1.2(-0.6)	2.6	0.8%	-0.3%	0%	-0.42%	-3.1%	46	1.5	Rebound	Range(0.5%)	2	-0.5	0.9	After Bottom	29.6(0.18%)	29.02-30.08	0.06	-13.5%-39.4%
20	Jun_30_2020	30.6 (-0.4%)	29.59 (-0.6%)	28.98 (-0.8%)	28.79	28.92(0%)	29.14(0.1%)	28.84-29.19	-1.4(-1)	-0.4	0.3%	-0.4%	0%	-0.5%	-3.3%	30	1.4	Rebound	Range(-0.1%)	2	-0.7	0.4	Downtrend	28.92(-0.74%)	28.73-29.38	0.05	-14.7%-37.5%

21	Jun_29_2020	30.69 (-0.2%)	29.73 (-0.6%)	29.22 (-0.7%)	28.86	28.61(0%)	29.11(3.01%)	27.95-29.2	-1.4(-1.1)	-0.9	-0.6%	-0.5%	0%	-0.52%	-3.1%	26	1.4	Downtrend Pop	Range(-1.1%)	2	-0.4	0.4	After Bottom	29.28(0.58%)	28.52-29.9	0.1	-14.8%-37.3%
22	Jun_26_2020	30.79 (-0.2%)	29.89 (-0.8%)	29.42 (-1.2%)	29.24	28.66(0%)	28.26(-2.82%)	28.18-29.06	-1.3(-1.9)	-4	-1.4%	-0.6%	0%	-0.58%	-2.9%	14	1.3	Growing Downtrend	Range(-0.6%)	2	-0.8	0.1	Downtrend	28.08(-0.65%)	27.83-28.66	0.18	-17.3%-33.3%
23	Jun_25_2020	30.9 (-0%)	30.11 (-0.8%)	29.79 (-1%)	29.64	29.11(0%)	29.08(-0.85%)	28.7-29.29	-1.1(-1.5)	-1.5	-1.8%	-0.3%	0%	-0.58%	-2.5%	27	1.2	Growing Downtrend	Range(-1.7%)	2	-0.7	0.2	Downtrend	28.89(-0.65%)	28.67-29.4	0.15	-14.9%-37.2%
24	Jun_24_2020	30.96 (0%)	30.22 (-0.8%)	30.09 (-0.6%)	30.02	29.8(0%)	29.33(-3.23%)	28.67-29.91	-0.8(-1.4)	-2.4	-1%	-0.7%	0%	-0.56%	-2.4%	38	1.1	Growing Downtrend	Range(-0.1%)	2	-0.2	0	Correction	28.29(-3.55%)	28.11-29	0.25	-14.2%-38.3%
25	Jun_23_2020	31.07 (0.2%)	30.47 (-0.8%)	30.27 (-0.2%)	30.32	30.16(0%)	30.31(0.6%)	30.12-30.56	-0.6(-0.7)	-1.1	-0.2%	-0.5%	0%	-0.48%	-1.9%	42	0.9	Growing Downtrend	Range(-0.7%)	2	0	0.1	Correction	29.47(-2.76%)	29.32-30.09	0.07	-11.3%-43.6%
i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Strength	RSI	Momentum	Trend Pattern	Next Direction	C	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low

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