PTF Invesco Dorsey Wright Technology MomtETF Forecast, Technical & Fundamental Analysis
PTF's RSI Oscillator peaks and leaves overbought zone
The 10-day RSI Indicator for PTF moved out of overbought territory on December 09, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 50 instances where the indicator moved out of the overbought zone. In of the 50 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PTF as a result. In of 83 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 PTF turned negative on December 10, 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 44 similar instances when the indicator turned negative. In of the 44 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 PTF 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 Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 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 PTF advanced for three days, in of 352 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 376 cases where PTF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Technology
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| PJDAX | 20.06 | N/A | N/A |
| PGIM Jennison Rising Dividend A | |||
| PADEX | 23.25 | -0.10 | -0.43% |
| Putnam Dynamic Asset Allocation Gr R5 | |||
| VTCLX | 312.47 | -1.45 | -0.46% |
| Vanguard Tax-Managed Capital App Adm | |||
| ITGRX | 38.53 | -0.19 | -0.49% |
| Delaware Ivy Global Growth Fund Class R6 | |||
| PICRX | 39.68 | -0.45 | -1.12% |
| Putnam International Capital Opp R | |||
PTF and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PTF has been closely correlated with VGT. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if PTF jumps, then VGT could also see price increases.
| Ticker / NAME | Correlation To PTF | 1D Price Change % | ||
|---|---|---|---|---|
| PTF | 100% | -1.46% | ||
| VGT - PTF | 88% Closely correlated | -0.62% | ||
| CHAT - PTF | 87% Closely correlated | -1.65% | ||
| SOXX - PTF | 86% Closely correlated | -1.41% | ||
| IYW - PTF | 86% Closely correlated | -0.60% | ||
| SMH - PTF | 86% Closely correlated | -1.30% | ||
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