PDN Invesco FTSE RAFI Dev Mkts ex-US S/M ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for PDN turns positive, indicating new upward trend
PDN saw its Momentum Indicator move above the 0 level on November 01, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 85 similar instances where the indicator turned positive. In of the 85 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
PDN moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for PDN crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 PDN advanced for three days, in of 342 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 313 cases where PDN 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 10-day RSI Indicator for PDN moved out of overbought territory on December 04, 2023. 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 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where PDN's Stochastic Oscillator exited the overbought zone, the price fell further within the following 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 PDN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
PDN broke above its upper Bollinger Band on November 02, 2023. 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.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category ForeignSmallMidValue
PDN and
Correlation & Price change
A.I.dvisor indicates that over the last year, PDN has been closely correlated with FNDC. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if PDN jumps, then FNDC could also see price increases.
| Ticker / NAME | Correlation To PDN | 1D Price Change % | ||
|---|---|---|---|---|
| PDN | 100% | +0.62% | ||
| FNDC - PDN | 93% Closely correlated | +0.70% | ||
| DLS - PDN | 92% Closely correlated | +0.83% | ||
| AVDV - PDN | 90% Closely correlated | +0.50% | ||
| DISV - PDN | 90% Closely correlated | +0.37% | ||
| FYLD - PDN | 85% Closely correlated | +0.36% | ||
More | ||||