PALL Stock Tickeron detected bearish ETF Pattern: Broadening Wedge Ascending PALL on November 07, 2024, netting in a 13.69% gain over 1 week

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PALL - abrdn Physical Palladium Shares ETF

Ticker: PALL

Company: abrdn Physical Palladium Shares ETF

Gain from shortening: +13.69%

Confirmed: 11/07/24

Succeeded: 11/07/24

Total length: 13 days

Momentum Indicator for PALL turns negative, indicating new downward trend

PALL saw its Momentum Indicator move below the 0 level on November 05, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 86 similar instances where the indicator turned negative. In of the 86 cases, the stock moved further down in the following days. The odds of a decline are at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for PALL turned negative on November 04, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .

PALL moved below its 50-day moving average on November 06, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for PALL crossed bearishly below the 50-day moving average on November 13, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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 .

PALL broke above its upper Bollinger Band on October 24, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PALL's RSI Indicator exited the oversold zone, of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

The 50-day moving average for PALL moved above the 200-day moving average on October 10, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PALL advanced for three days, in of 296 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 137 cases where PALL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .