PPLT abrdn Physical Platinum Shares ETF Forecast, Technical & Fundamental Analysis

PPLT's Stochastic Oscillator is remaining in overbought zone for 2 days

Expect a price pull-back in the near future.

Technical Analysis (Indicators)

Bearish Trend Analysis

The 50-day moving average for PPLT moved below the 200-day moving average on December 23, 2024. 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 PPLT 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 PPLT entered a downward trend on January 08, 2025. 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 Momentum Indicator moved above the 0 level on January 03, 2025. You may want to consider a long position or call options on PPLT as a result. In of 97 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 PPLT just turned positive on January 03, 2025. Looking at past instances where PPLT's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .

PPLT moved above its 50-day moving average on January 08, 2025 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PPLT advanced for three days, in of 276 cases, the price rose further within the following month. The odds of a continued upward trend are .

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