PSL Stock Summary and Trading Ideas (Invesco Dorsey Wright Consumer Staples Momentum ETF | NASDAQ:PSL)

The Invesco Dorsey Wright Consumer Staples Momentum ETF (Fund) is based on the Dorsey Wright Consumer Staples Technical Leaders Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 securities from the NASDAQ US Benchmark Index. Relative strength is the measurement of a security's performance in a given universe over time as compared to the performance of all other securities in that universe. The Fund and the Index are rebalanced and reconstituted quarterly.

Invesco Dorsey Wright Consumer Staples Momentum ETF trades on the NASDAQ stock market under the symbol PSL.

As of May 13, 2024, PSL stock price declined to $98.92 with 2,308 million shares trading.

PSL has a market cap of $87.05 million. This is considered a Micro Cap stock.

In the last 3 years, PSL stock traded as high as $99.05 and as low as $74.72.

PSL stock has underperformed the market in the last year with a return of +15.2%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PSL shares. However, PSL has outperformed the market in the last 3 month and 2 week periods, returning +6.9% and +4.2%, while SPY returned +4.3% and +2.5%, respectively. This indicates PSL has been having a stronger performance recently.

PSL support price is $98.21 and resistance is $99.88 (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 PSL stock will trade within this expected range on the day.