DWAS Stock Summary and Trading Ideas (Invesco Dwa Smallcap Momentum ETF | NASDAQ:DWAS)

The Invesco DWA SmallCap Momentum ETF (Fund) is based on the Dorsey Wright SmallCap Technical Leaders Index (DWA SmallCap Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics based on that company s market performance. Approximately 200 companies are selected for inclusion in the Index from the NASDAQ US Benchmark Index. The Fund and the Index are rebalanced and reconstituted quarterly.

Invesco Dwa Smallcap Momentum ETF trades on the NASDAQ stock market under the symbol DWAS.

As of April 19, 2024, DWAS stock price declined to $81.83 with 33,151 million shares trading.

DWAS has a beta of 1.24, meaning it tends to be more sensitive to market movements. DWAS has a correlation of 0.56 to the broad based SPY ETF.

DWAS has a market cap of $845.30 million. This is considered a Small Cap stock.

In the last 3 years, DWAS stock traded as high as $100.69 and as low as $64.87.

DWAS has underperformed the market in the last year with a price return of +12.0% while the SPY ETF gained +21.8%. DWAS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.6% and -6.4%, respectively, while the SPY returned +4.8% and -3.0%, respectively.

DWAS support price is $80.67 and resistance is $83.09 (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 DWAS stock will trade within this expected range on the day.