PTEC's Stochastic Oscillator sits in oversold zone for 7 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 uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
PTEC 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 127 cases where PTEC 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 10-day RSI Indicator for PTEC moved out of overbought territory on December 06, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 13 similar instances where the indicator moved out of overbought territory. In of the 13 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on December 11, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PTEC as a result. In of 24 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 PTEC turned negative on December 11, 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 14 similar instances when the indicator turned negative. In of the 14 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PTEC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
General Information
Category MiscellaneousSector
PTEC and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PTEC has been closely correlated with XT. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if PTEC jumps, then XT could also see price increases.
| Ticker / NAME | Correlation To PTEC | 1D Price Change % | ||
|---|---|---|---|---|
| PTEC | 100% | N/A | ||
| XT - PTEC | 85% Closely correlated | +1.31% | ||
| GRID - PTEC | 77% Closely correlated | +0.97% | ||
| BOTZ - PTEC | 76% Closely correlated | +1.54% | ||
| QCLN - PTEC | 70% Closely correlated | +2.15% | ||
| ICLN - PTEC | 67% Closely correlated | +1.50% | ||
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