CZA Stock Summary and Trading Ideas (Invesco Zacks Mid-Cap ETF | ARCA:CZA)

The PowerShares Zacks Mid-Cap Portfolio (Fund) is based on the Zacks Mid-Cap Core Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index selects securities from a universe of mid-capitalization securities, including master limited partnerships (MLPs) and American depositary receipts (ADRs)and business development companies (BDCs). The Fund and the Index are rebalanced quarterly.

Invesco Zacks Mid-Cap ETF trades on the ARCA stock market under the symbol CZA.

As of April 23, 2024, CZA stock price climbed to $97.47 with 1,622 million shares trading.

CZA has a market cap of $194.94 million. This is considered a Micro Cap stock.

In the last 3 years, CZA stock traded as high as $101.69 and as low as $77.59.

CZA has underperformed the market in the last year with a price return of +13.9% while the SPY ETF gained +24.2%. However, in the short term, CZA had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.4% vs +4.8% return in SPY. But in the last 2 weeks, CZA shares have been beat by the market, returning -3.1% compared to an SPY return of -2.6%.

CZA support price is $96.08 and resistance is $97.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CZA stock will trade within this expected range on the day.