PFM Stock Invesco Dividend Achievers™ ETF (PFM, $45.89) entered Downtrend as Momentum indicator drops below 0 level on Oct 07, 2024

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PFM - Invesco Dividend Achievers™ ETF

Momentum signal

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Odds of DOWN Trend

Price: $45.89

Daily change: -$0.44 (-0.94%)

Daily volume: 9K

Net Assets: $722.5M

PFM in -1.33% downward trend, sliding for three consecutive days on November 15, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where PFM declined for three days, in of 260 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where PFM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on PFM as a result. In of 78 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 PFM just turned positive on November 07, 2024. Looking at past instances where PFM's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .

PFM 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 PFM advanced for three days, in of 358 cases, the price rose further within the following month. The odds of a continued upward trend are .

PFM 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 376 cases where PFM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .