PRN - Bullish Setup, wait for break PRN bullish on charts on multi time frame.
Points to consider
1. Price above 20 D SMA
2. Price above 20 Week SMA
3. Price above 5 Month MA
4. RSI Bullish on Monthly and Weekly MA
5. RSI looking for support on the Daily TF to reverse up.
6. Nice consolidation on Monthly charts
7. Price trading in
Key stats
About Invesco Dorsey Wright Industrials Momentum ETF
Home page
Inception date
Oct 12, 2006
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
PRN changed its tune in February 2014 but continues to provide an alternate take on US industrial firms. The old version of the fund used a multi-factor selection method coupled with a tiered equal-weighting scheme that produced a vastly different portfolio than our neutral benchmark. Currently the fund follows a Dorsey-Wright relative strength index that selects and weights stocks by price momentum. The fund selects the top, at least 30 stocks, with the highest momentum scores in the industrial space. The fund uses a full replication indexing strategy, meaning PRN will generally invest in all of the stocks of the underlying index and in proportion to the weightings. Overall, PRN offers a different, growth-focused take on industrial stocks. Investors should consider all-in costs of holding the fund. The fund is reconstituted and rebalanced quarterly. Prior to August 28, 2023, the ETF's name was Invesco DWA Industrials Momentum ETF.
Classification
What's in the fund
Exposure type
Producer Manufacturing
Electronic Technology
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
PRN trades at 148.19 USD today, its price has risen 0.01% in the past 24 hours. Track more dynamics on PRN price chart.
PRN net asset value is 148.19 today — it's risen 8.11% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
PRN assets under management is 336.68 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
PRN price has risen by 9.78% over the last month, and its yearly performance shows a 9.37% increase. See more dynamics on PRN price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 8.11% over the last month, showed a −0.15% decrease in three-month performance and has increased by 9.91% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 8.11% over the last month, showed a −0.15% decrease in three-month performance and has increased by 9.91% in a year.
PRN fund flows account for 96.16 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
PRN invests in stocks. See more details in our Analysis section.
PRN expense ratio is 0.60%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, PRN isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, PRN technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PRN shows the buy signal. See more of PRN technicals for a more comprehensive analysis.
Today, PRN technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PRN shows the buy signal. See more of PRN technicals for a more comprehensive analysis.
Yes, PRN pays dividends to its holders with the dividend yield of 0.36%.
PRN trades at a premium (0.00%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
PRN shares are issued by Invesco Ltd.
PRN follows the Dorsey Wright Industrials Tech Leaders TR. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 12, 2006.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.