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PDN Stock Tickeron detected bearish ETF Pattern: Wedge Rising PDN on April 02, 2025, netting in a 3.33% gain over 2 weeks

A.I.dvisor
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+3.33% Gain from a Successful pattern Wedge Rising
PDN - Invesco RAFI Developed Mkts ex-US S-METF
Tickeron
Ticker: PDN
Company: Invesco RAFI Developed Mkts ex-US S-METF
Gain from shorting: +3.33%
Confirmed: 04/02/25
Succeeded: 04/03/25
Total length: 20 days
On March 14, 2025, A.I.dvisor detected a Wedge Rising Pattern (Bearish) for Invesco RAFI Developed Mkts ex-US S-METF (PDN, $34.08). 19 days later, on April 02, 2025, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On April 03, 2025, the stock hit the target price of $31.20 – resulting in a gain for traders who shorted the stock on the pattern detection date.

PDN sees MACD Histogram just turned negative

PDN saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on March 26, 2025. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 43 instances where the indicator turned negative. In of the 43 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on March 28, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on PDN as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

PDN moved below its 50-day moving average on April 03, 2025 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 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 entered the oversold zone -- be on the watch for PDN's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

The 50-day moving average for PDN moved above the 200-day moving average on March 11, 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 PDN advanced for three days, in of 344 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.

The Aroon Indicator entered an Uptrend today. In of 296 cases where PDN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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PDN
Daily Signalchanged days ago
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General Information

Category ForeignSmallMidValue

Profile
Fundamentals
Details
Category
Foreign Small/Mid Value
Address
PowerShares Exchange-Traded Fund Tr II301 West Roosevelt RoadWheaton
Phone
N/A
Web
www.invescopowershares.com