PGJ:NASDAQInvesco Golden Dragon China ETF Analysis
Data as of 2026-09-05 - not real-time
$23.39
Latest Price
6/10Risk
Risk Level: Medium
Executive Summary
Invesco Golden Dragon China ETF is priced at $23.39, and its moving averages give no clean directional read — the structure is neutral. With RSI at 39.1 the momentum picture is approaching oversold, alongside a bearish MACD signal. Recent trading has carved out support near $23.03 and resistance around $26.00.
The 0.70% expense ratio is middling for its category, and the fund manages $89.5M in assets.
Risk scores 6 out of 10, which is elevated for this asset class. With 30-day volatility of 21.4%, a beta of 1.01 and a maximum drawdown of 36.5%, position sizing matters here. Thin trading volumes mean execution costs can be material on larger orders. The wider market backdrop reads extreme greed at 95 on the fear-greed composite.
This one splits by horizon — sell in the near term, hold further out, at 3/10 long-term conviction.
The 0.70% expense ratio is middling for its category, and the fund manages $89.5M in assets.
Risk scores 6 out of 10, which is elevated for this asset class. With 30-day volatility of 21.4%, a beta of 1.01 and a maximum drawdown of 36.5%, position sizing matters here. Thin trading volumes mean execution costs can be material on larger orders. The wider market backdrop reads extreme greed at 95 on the fear-greed composite.
This one splits by horizon — sell in the near term, hold further out, at 3/10 long-term conviction.
Market Outlook
Short Term
< 1 yearCautious
Model confidence: 4/10
Key Factors
- Trading below the 200-day average of 26.76
- MACD momentum is negative
- Thin trading liquidity raises execution risk
Medium Term
1–3 yearsNeutral
Model confidence: 4/10
Key Factors
- Trading below the 200-day average of 26.76
- MACD momentum is negative
- Thin trading liquidity raises execution risk
Long Term
> 3 yearsNeutral
Model confidence: 3/10
Key Factors
- Thin trading liquidity raises execution risk
- Maximum drawdown of 36.5%
- 30-day volatility of 21.4%
Key Metrics & Analysis
Fund Metrics
Expense Ratio0.70%
AUM$89.5M
Inception Date2004-12-09
Avg Daily Volume17,940
Premium/Discount0.00%
Tracking Error0.00%
Dividend Yield3.26%
Technical Analysis
TrendNeutral
RSI39.1
Support$23.03
Resistance$26.00
MA 20$24.14
MA 50$24.10
MA 200$26.76
MACDBearish
VolumeDecreasing
Fear & Greed Index95.48
Risk Assessment
Beta1.01
Volatility21.38%
Sector RiskMedium
Currency RiskLow
Liquidity RiskHigh
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.