PLAT's Stochastic Oscillator sits in oversold zone for 10 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PLAT's RSI Indicator exited the oversold zone, of 27 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 PLAT advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .
PLAT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on PLAT as a result. In of 68 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 PLAT turned negative on September 18, 2023. 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 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
PLAT moved below its 50-day moving average on September 06, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PLAT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for PLAT entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LargeGrowth
PLAT and
Correlation & Price change
A.I.dvisor tells us that PLAT and IVW have been poorly correlated (+14% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that PLAT and IVW's prices will move in lockstep.
| Ticker / NAME | Correlation To PLAT | 1D Price Change % | ||
|---|---|---|---|---|
| PLAT | 100% | +0.41% | ||
| IVW - PLAT | 14% Poorly correlated | -0.29% | ||
| IWF - PLAT | 14% Poorly correlated | -0.09% | ||
| VUG - PLAT | 14% Poorly correlated | +0.10% | ||
| SCHG - PLAT | 13% Poorly correlated | +0.01% | ||
| QQQ - PLAT | 13% Poorly correlated | +0.07% | ||
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