In its latest trading session, Invesco DWA Consumer Staples Momentum ETF (NASDAQ:PSL) dropped by -0.4% – here is what that looked like (as of 2019-12-24):
Why are these moves happning?? To have a greater insight of what is happening, 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 -0.006, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.521, an Accumulation/Distribution Index (ADI) of 0.521, an On-Balance Volume (OBV) of 147.987, and a Chaiikin Money Flow (CMF) of -74.4. 0.501
Now let’s plug these indicators in. According to Trading View, we can conclude the following:
That is what an analysis of technical indicators seems to indicate for Invesco DWA Consumer Staples Momentum ETF (NASDAQ:PSL). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.