PZT Stock Tickeron detected bearish ETF Pattern: Wedge Rising PZT on May 12, 2023, netting in a 1.63% gain over 7 days

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PZT - Invesco New York AMT-Free Muni Bd ETF

Ticker: PZT

Company: Invesco New York AMT-Free Muni Bd ETF

Gain from shortening: +1.63%

Confirmed: 05/12/23

Succeeded: 05/18/23

Total length: 7 days

PZT in -1.17% downward trend, sliding for three consecutive days on December 13, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where PZT declined for three days, in of 304 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for PZT 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 39 similar instances where the indicator moved out of overbought territory. In of the 39 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 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PZT as a result. In of 62 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 PZT turned negative on December 12, 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 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

PZT 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.

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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.

The 10-day moving average for PZT crossed bullishly above the 50-day moving average on November 26, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 PZT advanced for three days, in of 304 cases, the price rose further within the following month. The odds of a continued upward trend are .

PZT 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 350 cases where PZT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .