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PDBC
ETF ticker: NASDAQ
AS OF
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Net Assets
5.6B

PDBC Invesco Optm Yd Dvrs Cdty Stra No K1 ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for PDBC with price predictions
07:00 PM EST Nov 29, 2023

PDBC in downward trend: 10-day moving average broke below 50-day moving average on November 02, 2023

The 10-day moving average for PDBC crossed bearishly below the 50-day moving average on November 02, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 30, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on PDBC as a result. In of 80 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 October 30, 2023 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 28, 2023. 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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 56 cases where PDBC's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for PDBC just turned positive on November 29, 2023. Looking at past instances where PDBC's MACD turned positive, the stock continued to rise in of 47 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 373 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks long term capital appreciation. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in a combination of financial instruments that are economically linked to the world's most heavily traded commodities. Commodities are assets that have tangible properties, such as oil, agricultural produce or raw metals.
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A.I. Advisor
published General Information

General Information

Category CommoditiesBroadBasket

Profile
Fundamentals
Details
Category
Commodities Broad Basket
Address
PowerShares Actively Managed Exchange-Traded Commodity Fund Trust3500 Lacey Road, Suite 700Downers Grove
Phone
(800) 983-0903
Web
www.invescopowershares.com
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PDBC and

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 100% 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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PDBC
1D Price
Change %
PDBC100%
-1.65%
DBC - PDBC
100%
Closely correlated
-1.69%
COMT - PDBC
97%
Closely correlated
-1.49%
GSG - PDBC
97%
Closely correlated
-1.85%
FTGC - PDBC
92%
Closely correlated
-0.55%
BCI - PDBC
92%
Closely correlated
-0.67%
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