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

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PBDC - Putnam BDC Income ETF

Emerged: 07/19/24

Breakout: $33.93

Price: $34.3

Target price: $33.08

PBDC's Stochastic Oscillator is sitting in overbought zone for 4 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Technical Analysis (Indicators)

Bearish Trend Analysis

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 RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PBDC's RSI Oscillator exited the oversold zone, of 4 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 12, 2024. You may want to consider a long position or call options on PBDC as a result. In of 30 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for PBDC just turned positive on November 13, 2024. Looking at past instances where PBDC's MACD turned positive, the stock continued to rise in of 21 cases over the following month. The odds of a continued upward trend are .

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

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PBDC advanced for three days, in of 159 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 201 cases where PBDC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .