INVESCO HIGH YIELD EQUITY DI (PEY) Stock Technical Analysis
NASDAQ:PEY - Nasdaq - US46137V5637 - ETF - Currency: USD
Overall PEY gets a technical rating of 6 out of 10. In the last year, PEY was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
PEY has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.87, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PEY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
19.21
4 important support areas can be observed.
- A support zone ranging from 21.62 to 21.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.18 to 21.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 20.76 to 20.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.40 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @22.42 from a horizontal line in the daily time frame.
- A resistance zone ranging from 22.99 to 23.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.43 | 21.61 | 0.82 (3.66%) | 25.00% |
| An entry @22.43. This is a Buy Stop order right above the resistance zone. | An exit @21.61. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.82 points, which is 3.66%. | For a 0.91% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:PEY (3/7/2025, 8:00:01 PM)
21.96
+0.33 (+1.53%)