PMM Stock Putnam Managed Municipal Income (PMM, $6.03) price may drop as it broke higher Bollinger Band on May 15, 2025

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PMM - Putnam Managed Municipal Income

Bollinger signal

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Odds of DOWN Trend

Price: $6.03

Daily change: +$0.1 (+1.69%)

Daily volume: 98.1K

Net Assets: $288.1M

PMM in downward trend: price dove below 50-day moving average on May 19, 2025

PMM moved below its 50-day moving average on May 19, 2025 date and that indicates a change from an upward trend to a downward trend. In of 39 similar past instances, the stock price decreased 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 63 cases where PMM'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 May 21, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on PMM as a result. In of 87 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 50-day moving average for PMM moved below the 200-day moving average on April 17, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PMM 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 Moving Average Convergence Divergence (MACD) for PMM just turned positive on April 24, 2025. Looking at past instances where PMM's MACD turned positive, the stock continued to rise in of 51 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 PMM advanced for three days, in of 250 cases, the price rose further within the following month. The odds of a continued upward trend are .

PMM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.