PP Stock Tickeron detected bearish ETF Pattern: Triangle Symmetrical Bottom PP on September 26, 2024, netting in a 4.90% gain over 1 month

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PP - The Meet Kevin Pricing Power ETF

Ticker: PP

Company: The Meet Kevin Pricing Power ETF

Gain from shortening: +4.9%

Confirmed: 09/26/24

Succeeded: 10/22/24

Total length: 43 days

PP in -3.54% downward trend, sliding for three consecutive days on November 13, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where PP declined for three days, in of 112 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PP as a result. In of 26 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 PP turned negative on November 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 12 similar instances when the indicator turned negative. In of the 12 cases the stock turned lower in the days that followed. This puts the odds of success at .

The Aroon Indicator for PP entered a downward trend on November 15, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PP advanced for three days, in of 129 cases, the price rose further within the following month. The odds of a continued upward trend are .

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