Momentum Indicator for PP turns negative, indicating new downward trend
PP saw its Momentum Indicator move below the 0 level on December 12, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 28 similar instances where the indicator turned negative. In of the 28 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for PP moved out of overbought territory on December 03, 2024. 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 17 similar instances where the indicator moved out of overbought territory. In of the 17 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for PP turned negative on December 13, 2024. 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 14 similar instances when the indicator turned negative. In of the 14 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 PP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
PP broke above its upper Bollinger Band on November 25, 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.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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 upward trend is expected.
PP moved above its 50-day moving average on November 25, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for PP crossed bullishly above the 50-day moving average on December 04, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 4 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 PP advanced for three days, in of 132 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 127 cases where PP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Technology
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| RISIX | 12.15 | N/A | N/A |
| RBC International Small Cap Equity I | |||
| PSKCX | 47.17 | N/A | N/A |
| Virtus KAR Mid-Cap Growth C | |||
| MSIBX | 16.28 | -0.10 | -0.61% |
| Morgan Stanley Inst Passport ovrs eq A | |||
| FCVCX | 16.82 | -0.28 | -1.64% |
| Fidelity Advisor Small Cap Value C | |||
| JSJFX | 18.29 | -0.31 | -1.67% |
| JHancock Small Cap Dynamic Growth R6 | |||
PP and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PP has been closely correlated with VGT. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if PP jumps, then VGT could also see price increases.