PDBC Invesco Optm Yd Dvrs Cdty Stra No K1 ETF Forecast, Technical & Fundamental Analysis
PDBC in downward trend: 10-day moving average crossed below 50-day moving average on November 15, 2024
The 10-day moving average for PDBC crossed bearishly below the 50-day moving average on November 15, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 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 .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 64 cases where PDBC's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PDBC as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
PDBC moved below its 50-day moving average on November 25, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PDBC 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 PDBC entered a downward trend on November 18, 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 Moving Average Convergence Divergence (MACD) for PDBC just turned positive on December 11, 2024. Looking at past instances where PDBC's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PDBC advanced for three days, in of 376 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
Category CommoditiesBroadBasket
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| VIGAX | 219.73 | -0.59 | -0.27% |
| Vanguard Growth Index Admiral | |||
| MGLVX | 9.07 | -0.04 | -0.44% |
| Mercer Global Low Volatility Equity Y3 | |||
| AWAYX | 21.33 | -0.13 | -0.61% |
| AB Wealth Appreciation Strategy Advisor | |||
| ACGIX | 21.76 | -0.24 | -1.09% |
| Invesco Growth and Income A | |||
| STRBX | 20.75 | -0.24 | -1.14% |
| Sterling Capital Behav Sm Cp Val Eq R6 | |||
PDBC and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PDBC has been closely correlated with DBC. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if PDBC jumps, then DBC could also see price increases.
| Ticker / NAME | Correlation To PDBC | 1D Price Change % | ||
|---|---|---|---|---|
| PDBC | 100% | -0.60% | ||
| DBC - PDBC | 99% Closely correlated | -0.67% | ||
| COMT - PDBC | 97% Closely correlated | -0.44% | ||
| GSG - PDBC | 96% Closely correlated | -0.37% | ||
| CCRV - PDBC | 91% Closely correlated | -0.97% | ||
| NBCM - PDBC | 90% Closely correlated | -0.73% | ||
More | ||||