PPI Stock AXS Astoria Inflation Sensitive ETF (PPI, $15.51) RSI Indicator left the overbought zone on September 30, 2024

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PPI - AXS Astoria Inflation Sensitive ETF

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Odds of DOWN Trend

Price: $15.51

Daily change: +$0.03 (+0.17%)

Daily volume: 54.6K

Net Assets: $66.6M

PPI saw its Stochastic Oscillator recovers from the overbought zone

The Stochastic Oscillator for PPI moved out of overbought territory on November 12, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 31 similar instances where the indicator exited the overbought zone. In of the 31 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PPI 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 PPI entered a downward trend on November 13, 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where PPI's RSI Oscillator exited the oversold zone, of 10 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 21, 2024. You may want to consider a long position or call options on PPI as a result. In of 40 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for PPI just turned positive on November 21, 2024. Looking at past instances where PPI's MACD turned positive, the stock continued to rise in of 23 cases over the following month. The odds of a continued upward trend are .

PPI moved above its 50-day moving average on November 18, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for PPI crossed bullishly above the 50-day moving average on November 06, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 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 PPI advanced for three days, in of 217 cases, the price rose further within the following month. The odds of a continued upward trend are .

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