PSDM PGIM Short Duration Mlt-Sect Bd ETF Forecast, Technical & Fundamental Analysis

PSDM in upward trend: price rose above 50-day moving average on November 25, 2024

PSDM moved above its 50-day moving average on November 25, 2024 date and that indicates a change from a downward trend to an upward trend. In of 8 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The 10-day moving average for PSDM crossed bullishly above the 50-day moving average on November 29, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 2 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 PSDM advanced for three days, in of 120 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

The Aroon Indicator entered an Uptrend today. In of 147 cases where PSDM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis