PGRO Stock Tickeron detected bearish ETF Pattern: Broadening Wedge Descending on January 02, 2025

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PGRO - Putnam Focused Large Cap Growth ETF

Emerged: 01/02/25

Breakout: $38.65

Price: $38.65

Target price: $36.95

PGRO sees MACD Histogram just turned negative

PGRO saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 19, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 30 instances where the indicator turned negative. In of the 30 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on January 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on PGRO as a result. In of 53 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 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 .

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 38 cases where PGRO's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 251 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 265 cases where PGRO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .