PTF Stock Summary and Trading Ideas (Invesco Dorsey Wright Technology Momentum ETF | NASDAQ:PTF)

The Invesco Dorsey Wright Technology Momentum ETF (Fund) is based on the Dorsey Wright Technology 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 Technology Momentum ETF trades on the NASDAQ stock market under the symbol PTF.

As of December 13, 2024, PTF stock price declined to $76.10 with 32,042 million shares trading.

PTF has a beta of 2.57, meaning it tends to be more sensitive to market movements. PTF has a correlation of 0.78 to the broad based SPY ETF.

PTF has a market cap of $585.97 million. This is considered a Small Cap stock.

In the last 3 years, PTF traded as high as $80.92 and as low as $32.96.

PTF has outperformed the market in the last year with a return of +52.0%, while the SPY ETF gained +29.9%. In the last 3 month period, PTF beat the market returning +24.1%, while SPY returned +7.8%. However, in the most recent 2 weeks PTF has underperformed the stock market by returning -0.3%, while SPY returned +0.3%.

PTF support price is $74.73 and resistance is $77.61 (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 PTF shares will trade within this expected range on the day.