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PBDC Stock Tickeron detected bearish ETF Pattern: Dead Cat Bounce on July 19, 2024

A.I.dvisor
at Tickeron.com
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Dead Cat Bounce
PBDC - Putnam BDC Income ETF
Tickeron
Emerged: 07/19/24
Breakout: $33.93
Price: $34.3
Target price: $33.08
A.I.dvisor detected a bearish Dead Cat Bounce pattern for PBDC stock. This pattern was detected on July 19, 2024 . The odds of reaching the target price are 6. The Dead Cat Bounce pattern appears when a security's price falls quickly but has a temporary “v-shaped” recovery before resuming its downward trend. Consider selling the security short or buying a put option at the downward breakout price level. When trading, wait for the confirmation move prices falling below the breakout level.

PBDC sees MACD Histogram crosses below signal line

PBDC saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 12, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 21 instances where the indicator turned negative. In of the 21 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for PBDC moved out of overbought territory on December 05, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 30 similar instances where the indicator moved out of overbought territory. In of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on December 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PBDC as a result. In of 31 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 PBDC 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 Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PBDC advanced for three days, in of 162 cases, the price rose further within the following month. The odds of a continued upward trend are .

PBDC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 211 cases where PBDC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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PBDC
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General Information

Category Financial

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Fundamentals
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Category
Financial
Address
Putnam ETF Trus100 FEDERAL STREET
Phone
6177601060
Web
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