PXI Stock Summary and Trading Ideas (Invesco Dorsey Wright Energy Momentum ETF | NASDAQ:PXI)

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

As of November 13, 2024, PXI stock price declined to $48.22 with 2,884 million shares trading.

PXI has a market cap of $71.37 million. This is considered a Micro Cap stock.

In the last 3 years, PXI traded as high as $53.05 and as low as $27.94.

PXI has underperformed the market in the last year with a return of +16.0%, while the SPY ETF gained +37.1%. In the last 3 month period, PXI fell short of the market, returning +6.5%, while SPY returned +12.3%. However, in the most recent 2 weeks PXI has outperformed the stock market by returning +10.4%, while SPY returned +2.7%.

PXI support price is $48.09 and resistance is $49.33 (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 PXI shares will trade within this expected range on the day.