Invesco Water Resources ETF (NASDAQ:PHO) Fell By -0.1%, But Why?

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For its latest trading sesion, Invesco Water Resources ETF (NASDAQ:PHO) dropped by -0.1% – here is what that looked like (as of 2020-01-06):

What is the cause of all this?? 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 0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.239, an Accumulation/Distribution Index (ADI) of 0.239, an On-Balance Volume (OBV) of 3947.802, and a Chaiikin Money Flow (CMF) of 38.68. 1.065

Now let’s take all these indicators into account. According to Trading View, putting it all together gets the following:

So there you have it – our analysis of Invesco Water Resources ETF (NASDAQ:PHO). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.