(PTF) Invesco DWA Technology - Ratings and Ratios

The Invesco DWA Technology Momentum ETF (NASDAQ:PTF) is designed to track the performance of companies in the technology sector exhibiting strong relative strength or momentum characteristics. The fund typically allocates at least 90% of its assets to securities included in its underlying index, which is composed of a minimum of 30 technology-focused companies. The indexs methodology emphasizes companies with powerful momentum indicators, aiming to capture those that are outperforming their peers. The fund is part of Invescos DWA (Dorsey Wright Associates) lineup, which is known for its relative strength-based investment strategies. For more information, visit http://www.invesco.com/us.

Based on the provided data, the funds technical indicators suggest a near-term outlook influenced by its current price and moving averages. With a last price of 64.08, which is below its SMA20 (71.33) and SMA50 (72.37), the fund is currently in a downtrend relative to these short- to medium-term averages. However, its SMA200 (65.93) is slightly above its current price, indicating potential support at this level. The ATR of 2.38 reflects moderate volatility. Considering these factors, over the next three months, the funds price is likely to oscillate within a range bounded by its SMA200 and SMA50, with potential downside limited by the SMA200 support level. The funds AUM of $536.95M and average 20-day volume of 51,351 suggest sufficient liquidity to support its price action.