Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Fell By -0.3%, But Why?

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In its latest trading session, Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) dropped by -0.3% – here is what that looked like (as of 2020-01-06):

Why are these moves happning?? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most important ones are as follows:

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 0.437, an Accumulation/Distribution Index (ADI) of 0.437, an On-Balance Volume (OBV) of 152.538, and a Chaiikin Money Flow (CMF) of -63.63. 1.0

Now let’s take all these indicators into account. According to Trading View, we can conclude the following:

That is what an analysis of technical indicators seems to indicate for Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.