PDBC Stock Tickeron detected bullish ETF Pattern: Broadening Wedge Descending PDBC on January 14, 2025, netting in a 8.23% gain over 1 month

GET DAILY SIGNALS

Get AI intraday signals

PDBC - Invesco Optm Yd Dvrs Cdty Stra No K1 ETF

Ticker: PDBC

Company: Invesco Optm Yd Dvrs Cdty Stra No K1 ETF

Gain: +8.23%

Confirmed: 01/14/25

Succeeded: 02/18/25

Total length: 54 days

PDBC's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for PDBC turned positive on February 11, 2025. 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 .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 10, 2025. You may want to consider a long position or call options on PDBC as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The 50-day moving average for PDBC moved above the 200-day moving average on February 10, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

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 .

The Aroon Indicator entered an Uptrend today. In of 321 cases where PDBC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

PDBC broke above its upper Bollinger Band on February 18, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.