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PREF
ETF ticker: BATS
AS OF
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Price
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Net Assets
703.37M

PREF Principal Spectrum Pref Secs Actv ETF Forecast, Technical & Fundamental Analysis

Category WorldStock
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for PREF with price predictions
07:00 PM EST Nov 29, 2023

PREF in +0.50% Uptrend, advancing for three consecutive days on November 30, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where PREF advanced for three days, in of 369 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 01, 2023. You may want to consider a long position or call options on PREF as a result. In of 45 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 PREF just turned positive on October 26, 2023. Looking at past instances where PREF's MACD turned positive, the stock continued to rise in of 35 cases over the following month. The odds of a continued upward trend are .

PREF moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for PREF crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 6 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 .

The 50-day moving average for PREF moved above the 200-day moving average on November 17, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

The Aroon Indicator entered an Uptrend today. In of 508 cases where PREF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 19 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PREF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PREF broke above its upper Bollinger Band on November 02, 2023. 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to provide current income. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in preferred securities at the time of purchase. Examples of preferred securities include preferred stock, certain depositary receipts, and various types of junior subordinated debt (such debt generally includes the contractual ability to defer payment of interest without accelerating an immediate default event). It concentrates its investments (invests more than 25% of its net assets) in securities in one or more industries within the financial services sector.
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A.I. Advisor
published General Information

General Information

Category WorldStock

Profile
Fundamentals
Details
Category
Preferred Stock
Address
Principal Exchange-Traded Funds655 9th StreetDes Moines
Phone
515-235-9328
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PREF and

Correlation & Price change

A.I.dvisor indicates that over the last year, PREF has been closely correlated with FPE. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if PREF jumps, then FPE could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PREF
1D Price
Change %
PREF100%
+0.03%
FPE - PREF
72%
Closely correlated
+0.31%
VRP - PREF
72%
Closely correlated
+0.04%
PFF - PREF
66%
Loosely correlated
+0.46%
PFFD - PREF
64%
Loosely correlated
+0.31%
PGX - PREF
63%
Loosely correlated
+0.45%
More