PTF Stock Tickeron detected bearish ETF Pattern: Three Falling Peaks PTF on December 30, 2024, netting in a 13.05% gain over 3 weeks

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PTF - Invesco Dorsey Wright Technology MomtETF

Ticker: PTF

Company: Invesco Dorsey Wright Technology MomtETF

Gain from shortening: +13.05%

Confirmed: 12/30/24

Succeeded: 01/13/25

Total length: 24 days

Momentum Indicator for PTF turns negative, indicating new downward trend

PTF saw its Momentum Indicator move below the 0 level on January 07, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 83 similar instances where the indicator turned negative. In of the 83 cases, the stock moved further down in the following days. The odds of a decline are at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where PTF's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

PTF moved below its 50-day moving average on January 08, 2025 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 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

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 .

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