PDN Invesco FTSE RAFI Dev Mkts ex-US S/M ETF Forecast, Technical & Fundamental Analysis
PDN sees its 50-day moving average cross bearishly below its 200-day moving average
The 50-day moving average for PDN moved below the 200-day moving average on December 23, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Technical Analysis (Indicators)
Bearish Trend Analysis
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 .
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PDN's RSI Indicator exited the oversold zone, of 28 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 January 03, 2025. You may want to consider a long position or call options on PDN as a result. In of 83 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 PDN just turned positive on January 03, 2025. Looking at past instances where PDN's MACD turned positive, the stock continued to rise in of 43 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 PDN advanced for three days, in of 334 cases, the price rose further within the following month. The odds of a continued upward trend are .
PDN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category ForeignSmallMidValue
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| SSMAX | 10.19 | 0.15 | +1.49% |
| SEI Small/Mid Cap Equity A (SIIT) | |||
| MPSSX | 20.07 | 0.23 | +1.16% |
| BNY Mellon Small Cap Multi-Strategy M | |||
| FTXAX | 47.91 | 0.41 | +0.86% |
| FullerThaler Behavioral Sm-Cp Gr A | |||
| MRSKX | 21.96 | 0.08 | +0.37% |
| MFS Research International R6 | |||
| GARJX | 9.20 | N/A | N/A |
| Goldman Sachs Global Rl Estt Secs Inv | |||
PDN and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PDN has been closely correlated with ISVL. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if PDN jumps, then ISVL could also see price increases.
| Ticker / NAME | Correlation To PDN | 1D Price Change % | ||
|---|---|---|---|---|
| PDN | 100% | +0.40% | ||
| ISVL - PDN | 96% Closely correlated | +0.36% | ||
| AVDV - PDN | 95% Closely correlated | +0.30% | ||
| FNDC - PDN | 95% Closely correlated | +0.27% | ||
| DISV - PDN | 95% Closely correlated | +0.63% | ||
| DLS - PDN | 92% Closely correlated | +0.31% | ||
More | ||||