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PGRO
ETF ticker: NYSE ARCA
AS OF
Dec 18, 04:44 PM (EDT)
Price
$39.02
Change
-$1.20 (-2.98%)
Net Assets
71.63M

PGRO Putnam Focused Large Cap Growth ETF Forecast, Technical & Fundamental Analysis

Category LargeGrowth
PGRO
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for PGRO with price predictions
Dec 17, 2024

Aroon Indicator for PGRO shows an upward move is likely

PGRO's Aroon Indicator triggered a bullish signal on December 17, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 265 similar instances where the Aroon Indicator showed a similar pattern. In of the 265 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 29, 2024. You may want to consider a long position or call options on PGRO as a result. In of 51 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 PGRO just turned positive on December 02, 2024. Looking at past instances where PGRO's MACD turned positive, the stock continued to rise in of 29 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 PGRO advanced for three days, in of 248 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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

PGRO broke above its upper Bollinger Band on December 04, 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.

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PGRO
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category LargeGrowth

Profile
Fundamentals
Details
Category
Large Growth
Address
Putnam ETF Trus100 FEDERAL STREET
Phone
6177601060
Web
N/A
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PGRO and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, PGRO has been closely correlated with SPYG. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if PGRO jumps, then SPYG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PGRO
1D Price
Change %
PGRO100%
-0.31%
SPYG - PGRO
99%
Closely correlated
-0.36%
QQEW - PGRO
84%
Closely correlated
-0.44%
IVW - PGRO
18%
Poorly correlated
-0.46%
IWF - PGRO
18%
Poorly correlated
-0.34%
QQQ - PGRO
17%
Poorly correlated
-0.44%
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