PIO in downward trend: price expected to drop as it breaks its higher Bollinger Band on January 16, 2025
PIO broke above its upper Bollinger Band on January 16, 2025. 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. The A.I.dvisor looked at 44 similar instances where the stock broke above the upper band. In of the 44 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for PIO moved out of overbought territory on January 31, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where PIO's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on February 21, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on PIO 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 .
The Moving Average Convergence Divergence Histogram (MACD) for PIO turned negative on February 21, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PIO 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
PIO moved above its 50-day moving average on February 10, 2025 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for PIO crossed bullishly above the 50-day moving average on January 28, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 PIO advanced for three days, in of 363 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 307 cases where PIO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category NaturalResources
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| HBLVX | 14.81 | -0.03 | -0.20% |
| Hartford Balanced Income R6 | |||
| DBALX | 13.36 | -0.03 | -0.22% |
| Davenport Balanced Income | |||
| PAAEX | 16.29 | -0.16 | -0.97% |
| Putnam Dynamic Asset Allocation Bal R6 | |||
| PGJAX | 16.56 | -0.17 | -1.02% |
| PGIM Jennison Global Infrastructure A | |||
| FIJFX | 86.97 | -1.93 | -2.17% |
| Fidelity Advisor Materials Z | |||
PIO and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PIO has been closely correlated with VAW. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if PIO jumps, then VAW could also see price increases.