REPORTING FOR 2019-10-17 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how PGJ has been trading over the last 2 weeks and the past day especially. On its latest session, Invesco Golden Dragon China ETF ($PGJ) opened at 37.124, reaching a high of 37.5 and a low of 37.0626 before closing at a price of 37.5. There was a total volume of 10751.
VOLUME INDICATORS FOR INVESCO GOLDEN DRAGON CHINA ETF ($PGJ): We saw an accumulation-distribution index of 105.13795, an on-balance volume of -37.18, chaikin money flow of 1.3266 and a force index of 0.60392. There was an ease of movement rating of 0.00312, a volume-price trend of 1.10272 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR INVESCO GOLDEN DRAGON CHINA ETF ($PGJ): We noted an average true range of 0.46077, bolinger bands of 37.38495, an upper bollinger band of 36.38765, lower bollinger band of 37.0626, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 37.22887, high band keltner channel of 36.85287, low band keltner channel of 37.60487, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 37.0626, a donchian channel low band of 37.0626, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR INVESCO GOLDEN DRAGON CHINA ETF ($PGJ): We calculated a Moving Average Convergence Divergence (MACD) of -0.00791, a MACD signal of -0.00439, a MACD difference of -0.00352, a fast Exponential Moving Average (EMA) indicator of 37.0626, a slow Exponential Moving Average (EMA) indicator of 37.0626, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.42051, a trix of 2.34952, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -1.06527, a KST Oscillator (KST) of 29.59291 and a KST Oscillator (KST Signal) of 29.59291 (leaving a KST difference of -2.44879). We also found an Ichimoku rating of 37.312, an Ichimoku B rating of 37.312, a Ichimoku visual trend A of 36.52954, an Ichimoku visual trend B of 36.43251, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.
MOMENTUM INDICATORS FOR INVESCO GOLDEN DRAGON CHINA ETF ($PGJ): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 94.55029, a stochastic oscillator of 116.32979, a stochastic oscillator signal of 116.32979, a Williams %R rating of 16.32979 and an awesome oscillator of -0.1795.
RETURNS FOR INVESCO GOLDEN DRAGON CHINA ETF ($PGJ): There was a daily return of 2.95929, a daily log return of -0.95592 and a cumulative return of -0.95136.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-10-17 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Invesco Golden Dragon China ETF ($PGJ)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Invesco Golden Dragon China ETF ($PGJ) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.