Keltner Channels in Focus for Invesco Dynamic Software ETF (:PSJ): 20 Day Upper Keltner Reaches 95.4984904

Successful stock market traders and investors don’t usually just become that way overnight. There are often many years of experience behind those winning trades. The amount of data available to investors these days is staggering. Investors have to be able to focus on the provided information and decide which data should be followed and prioritized. Many investors will be keeping a watchful eye on the next round of company earnings reports. As companies start to report quarterly numbers, investors may be able to sift through the data and make some projections on how the stock will perform over the next few quarters. 

Traders following shares of Invesco Dynamic Software ETF (:PSJ) may have noted that the stock most recently closed at 94.73. Going back a full-year, the stock has seen a change of 17.35835921 over that stretch. Taking the focus in to more recent action, shares have seen a move of -0.20014748 over the last week. Over the prior month, the stock has moved 0.36016949. Over the past three months, the stock has moved 4.98833094.

Many traders will look to optimize stock trades by using various technical indicators. The Ichimoku Cloud indicator is highly flexible and is commonly used in conjunction with the RSI to help confirm momentum and overall trends. Let’s focus on a few different Ichimoku readings on shares of Invesco Dynamic Software ETF (:PSJ):

Ichimoku Cloud Base Line: 92.81655
Ichimoku Cloud Conversion Line: 95.565
Ichimoku Lead 1: 93.896175
Ichimoku Lead 2: 93.75005

There are multiple moving average indicators that traders may rely on when conducting stock research. One of the most popular is the Simple Moving Average. The SMA is unweighted, meaning that each period in the set of data is weighted equally. Looking at some SMA levels, we can see that the 10 day is 95.31907, the 20 day is 93.83124, and the 30 day is 93.51343667. Tracking some other time periods, we note that the 50 day SMA is 93.766556 , the 100 day is 93.775955 , and the 200 day SMA is currently 90.5114655.

Tracking some one month stock pivot points, we note that the Classic Pivot is 92.8772, the Classic resistance 1 is 97.5144, and the Classic support 1 is presently 90.2928. The Fibonacci one month pivot is 92.8772 while the Fibonacci support 1 pivot is 90.1185488, and the Fibonacci support 2 is 88.4142512. Looking at one month Woodie pivot, we note the level at 93.9154. The Woodie support 1 pivot is 92.3692, and the Woodie resistance 1 pivot is 99.5908.

Traders focusing on technical analysis may be interested in following the Awesome Oscillator level. Currently, the reading is 1.77678147. Typically, when the Awesome Oscillator moves above the zero line, this would indicate that the short term momentum is rising quicker than the long term momentum. A cross below the zero line would indicate that short term momentum is dropping faster than the long term momentum.

Tracking the Hull Moving Average for Invesco Dynamic Software ETF (:PSJ), we note that the current level is 95.10118778. The Hull Moving Average was introduced by Alan Hull. Swing traders often use this indicator in combination with other signals in order to help identify possible entry and exit spots.

Expanding the technical focus for Invesco Dynamic Software ETF (:PSJ), we see that the Keltner Channels 20 day upper band is 95.4984904, and the 20 day lower band is93.35272809. The Keltner Channels indicator is similar to Bollinger Bands and Moving Average Envelopes.

Investors often conduct stock analysis to help figure out which ones are a good buy, and at what price should they get in. The two main types of stock research used by investors are fundamental and technical analysis. Some investors will only study the fundamentals while others will only follow the technicals. Many will choose to combine the two methods in order to get a more well-rounded view of the stock. Fundamental analysis entails following company data. This may include studying the balance sheet, profit and loss statements, and the overall competency of company management. Fundamental analysts often use financial ratios to help understand company information. Technical analysts often study charts in order to define trends. This research is typically not concerned with how the underlying financials of the company look, but how the stock has been trading.