PALL abrdn Physical Palladium Shares ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for PALL turns positive, indicating new upward trend
PALL saw its Momentum Indicator move above the 0 level on September 13, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 88 similar instances where the indicator turned positive. In of the 88 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for PALL just turned positive on September 12, 2023. Looking at past instances where PALL's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PALL advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where PALL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
PALL moved below its 50-day moving average on September 22, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PALL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for PALL entered a downward trend on September 15, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
Industry description
General Information
Category CommoditiesBroadBasket
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| T. Rowe Price International Value Eq Z | |||
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| Allspring C&B Large Cap Value C | |||
PALL and
Correlation & Price change
A.I.dvisor indicates that over the last year, PALL has been loosely correlated with SLV. These tickers have moved in lockstep 49% of the time. This A.I.-generated data suggests there is some statistical probability that if PALL jumps, then SLV could also see price increases.
| Ticker / NAME | Correlation To PALL | 1D Price Change % | ||
|---|---|---|---|---|
| PALL | 100% | -1.03% | ||
| SLV - PALL | 49% Loosely correlated | +0.65% | ||
| PHYS - PALL | 47% Loosely correlated | +0.33% | ||
| IAU - PALL | 46% Loosely correlated | +0.33% | ||
| GLDM - PALL | 46% Loosely correlated | +0.34% | ||
| GLD - PALL | 46% Loosely correlated | +0.32% |