PPEM Putnam PanAgora ESG Emerg Mkts Eq ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for PPEM turns negative, indicating new downward trend
PPEM saw its Momentum Indicator move below the 0 level on December 17, 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 47 similar instances where the indicator turned negative. In of the 47 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for PPEM turned negative on December 18, 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 26 similar instances when the indicator turned negative. In of the 26 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 PPEM 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 PPEM entered a downward trend on November 22, 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 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PPEM advanced for three days, in of 174 cases, the price rose further within the following month. The odds of a continued upward trend are .
PPEM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category DiversifiedEmergingMkts
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| WFIOX | 53.95 | 0.59 | +1.11% |
| Allspring Index Admin | |||
| NBSMX | 50.55 | 0.35 | +0.70% |
| Neuberger Berman Small Cap Growth Instl | |||
| AMIDX | 13.36 | 0.07 | +0.53% |
| Amana Developing World Institutional | |||
| ELMFX | 15.64 | 0.05 | +0.32% |
| Lord Abbett Emerging Markets Equity F | |||
| FDEIX | 24.20 | -1.56 | -6.04% |
| Fidelity Advisor Capital Development I | |||
PPEM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PPEM has been closely correlated with SPEM. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if PPEM jumps, then SPEM could also see price increases.
| Ticker / NAME | Correlation To PPEM | 1D Price Change % | ||
|---|---|---|---|---|
| PPEM | 100% | N/A | ||
| SPEM - PPEM | 95% Closely correlated | +0.41% | ||
| NUEM - PPEM | 80% Closely correlated | -0.03% | ||
| IEMG - PPEM | 21% Poorly correlated | +0.32% | ||
| EMXC - PPEM | 21% Poorly correlated | +0.27% | ||
| EEM - PPEM | 21% Poorly correlated | +0.40% | ||
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