PXJ Stock Summary and Trading Ideas (Invesco Oil & Gas Services ETF | ARCA:PXJ)

The Invesco Oil & Gas Services ETF (Fund) is based on the Dynamic Oil Services Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including price momentum, earnings momentum, quality, management action, and value. The Index is composed of stocks of 30 U.S. companies that assist in the production, processing and distribution of oil and gas. The Index may include companies that are engaged in the drilling of oil and gas wells manufacturing oil and gas field machinery and equipment or providing services to the oil and gas industry, such as well analysis, platform and pipeline engineering and construction, logistics and transportation services, oil and gas well emergency management and geophysical data acquisition and processing. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Invesco Oil & Gas Services ETF trades on the ARCA stock market under the symbol PXJ.

As of April 24, 2024, PXJ stock price declined to $31.48 with 6,815 million shares trading.

PXJ has a beta of 0.39, meaning it tends to be less sensitive to market movements. PXJ has a correlation of 0.04 to the broad based SPY ETF.

PXJ has a market cap of $92.11 million. This is considered a Micro Cap stock.

In the last 3 years, PXJ stock traded as high as $33.35 and as low as $14.50.

PXJ has outperformed the market in the last year with a return of +26.1%, while the SPY ETF gained +24.1%. In the last 3 month period, PXJ beat the market returning +9.3%, while SPY returned +4.5%. However, in the most recent 2 weeks PXJ has underperformed the stock market by returning -3.3%, while SPY returned -1.7%.

PXJ support price is $31.16 and resistance is $32.12 (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 PXJ stock will trade within this expected range on the day.