PFI Stock Tickeron detected bullish ETF Pattern: Three Rising Valleys PFI on October 03, 2024, netting in a 13.83% gain over 1 month

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PFI - Invesco Dorsey Wright Financial Momt ETF

Ticker: PFI

Company: Invesco Dorsey Wright Financial Momt ETF

Gain: +13.83%

Confirmed: 10/03/24

Succeeded: 11/11/24

Total length: 39 days

Momentum Indicator for PFI turns positive, indicating new upward trend

PFI saw its Momentum Indicator move above the 0 level on November 06, 2024. 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 84 similar instances where the indicator turned positive. In of the 84 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for PFI just turned positive on November 06, 2024. Looking at past instances where PFI'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 .

PFI moved above its 50-day moving average on November 05, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PFI advanced for three days, in of 362 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 334 cases where PFI 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 Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PFI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PFI broke above its upper Bollinger Band on November 08, 2024. 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.