PBD sees MACD Histogram just turned negative
PBD saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 18, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 42 instances where the indicator turned negative. In of the 42 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PBD as a result. In of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 PBD 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 PBD entered a downward trend on December 03, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PBD's RSI Oscillator exited the oversold zone, of 41 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 6 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PBD advanced for three days, in of 330 cases, the price rose further within the following month. The odds of a continued upward trend are .
PBD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category WorldStock
PBD and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PBD has been closely correlated with CTEC. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if PBD jumps, then CTEC could also see price increases.
| Ticker / NAME | Correlation To PBD | 1D Price Change % | ||
|---|---|---|---|---|
| PBD | 100% | +2.46% | ||
| CTEC - PBD | 88% Closely correlated | +3.49% | ||
| QCLN - PBD | 86% Closely correlated | +2.15% | ||
| XT - PBD | 79% Closely correlated | +1.31% | ||
| ICLN - PBD | 79% Closely correlated | +1.50% | ||
| AZTD - PBD | 77% Closely correlated | +0.73% | ||
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