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PBD Stock Invesco Global Clean Energy ETF (PBD, $11.8) Aroon Indicator entered a Downtrend on November 13, 2024.

A.I.dvisor
at Tickeron.com
11/14/24
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PBD - Invesco Global Clean Energy ETF
Aroon signal
Bearish Trend
Odds of DOWN Trend
Tickeron
Aroon signal
Price: $11.8
Daily change: +$0.03 (+0.25%)
Daily volume: 68.4K
Net Assets: $90.2M
For the last three days, A.I.dvisor has detected that PBD's AroonDown red line is above 70 while the AroonUp green line is below 30 for three straight days. This move could indicate a strong downtrend ahead for PBD, and traders may view it as a Sell signal for the next month. Traders may consider selling the stock or exploring put options. A.I.dvisor backtested this indicator and found 216 similar cases, of which were successful. Based on this data, the odds of success are

PBD's Indicator enters downward trend

The Aroon Indicator for PBD entered a downward trend on November 13, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 216 similar instances where the Aroon Indicator formed such a pattern. In of the 216 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PBD as a result. In of 72 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for PBD turned negative on November 06, 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 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .

PBD moved below its 50-day moving average on October 15, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for PBD crossed bearishly below the 50-day moving average on October 21, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 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 .

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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 334 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.

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General Information

Category WorldStock

Profile
Fundamentals
Details
Category
Global Small/Mid Stock
Address
PowerShares Exchange-Traded Fund Tr II301 West Roosevelt RoadWheaton
Phone
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Web
www.invescopowershares.com