Technical Analysis for PGJ - PowerShares Golden Dragon China Portfolio
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 23.54 | -0.84% | -0.20 |
PGJ closed down 0.84 percent on Friday, April 19, 2024, on 6.08 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Hammer Candlestick | Bullish | 0.00% | |
| Lizard Bullish | Bullish Day Trade Setup | 0.00% | |
| Volume Surge | Other | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Stochastic Buy Signal | Bullish | -0.84% | |
| Lower Bollinger Band Walk | Weakness | -0.84% | |
| Gapped Up | Strength | -0.84% |
| Alert | Time |
|---|---|
| Possible NR7 | about 4 hours ago |
| 60 Minute Opening Range Breakdown | about 5 hours ago |
| Fell Below Lower Bollinger Band | about 5 hours ago |
| 10x Volume Pace | about 7 hours ago |
| Lower Bollinger Band Support | about 7 hours ago |
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Basic chart:
The PowerShares Golden Dragon China Portfolio (Fund) is based on the NASDAQ Golden Dragon China Index (Index). The Fund generally will invest at least 90% of its total assets in equity securities of companies deriving a majority of their revenues from the People’s Republic of China and that comprise the Underlying Index. The Underlying Index is composed of US exchange-listed companies that are headquartered or incorporated in the People’s Republic of China. The Fund and the Index are rebalanced and reconstituted quarterly.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Invesco Powershares
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Invesco Powershares
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 31.3997 |
| 52 Week Low | 21.3136 |
| Average Volume | 63,098 |
| 200-Day Moving Average | 25.72 |
| 50-Day Moving Average | 24.65 |
| 20-Day Moving Average | 24.54 |
| 10-Day Moving Average | 24.27 |
| Average True Range | 0.43 |
| RSI (14) | 35.90 |
| ADX | 14.72 |
| +DI | 24.88 |
| -DI | 36.71 |
| Chandelier Exit (Long, 3 ATRs) | 24.26 |
| Chandelier Exit (Short, 3 ATRs) | 24.70 |
| Upper Bollinger Bands | 25.70 |
| Lower Bollinger Band | 23.37 |
| Percent B (%b) | 0.07 |
| BandWidth | 9.52 |
| MACD Line | -0.29 |
| MACD Signal Line | -0.12 |
| MACD Histogram | -0.175 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 23.80 | ||||
| Resistance 3 (R3) | 23.78 | 23.67 | 23.75 | ||
| Resistance 2 (R2) | 23.67 | 23.61 | 23.68 | 23.74 | |
| Resistance 1 (R1) | 23.61 | 23.57 | 23.56 | 23.63 | 23.72 |
| Pivot Point | 23.50 | 23.50 | 23.48 | 23.51 | 23.50 |
| Support 1 (S1) | 23.44 | 23.44 | 23.39 | 23.46 | 23.36 |
| Support 2 (S2) | 23.33 | 23.40 | 23.34 | 23.34 | |
| Support 3 (S3) | 23.27 | 23.33 | 23.33 | ||
| Support 4 (S4) | 23.29 |
