PRF in downward trend: price may drop because broke its higher Bollinger Band on November 25, 2024
PRF broke above its upper Bollinger Band on November 25, 2024. 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. The A.I.dvisor looked at 47 similar instances where the stock broke above the upper band. In of the 47 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PRF as a result. In of 87 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 PRF turned negative on December 05, 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 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .
PRF moved below its 50-day moving average on December 17, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PRF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for PRF's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 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 PRF advanced for three days, in of 351 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 370 cases where PRF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category LargeValue
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| UMMA | 24.69 | 0.04 | +0.16% |
| Wahed Dow Jones Islamic World ETF | |||
| KORP | 46.42 | -0.07 | -0.14% |
| American Century Dvrs Corp Bd ETF | |||
| IYJ | 137.65 | -1.06 | -0.77% |
| iShares US Industrials ETF | |||
| HFND | 22.85 | -0.19 | -0.83% |
| Unlimited HFND Multi-Strgy Ret Trckr ETF | |||
| SATO | 25.79 | -0.45 | -1.72% |
| Invesco Alerian Galaxy Crypto Eco ETF | |||
PRF and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PRF has been closely correlated with IWD. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if PRF jumps, then IWD could also see price increases.