Question 1

What implications does the 10-day RSI indicator have for PAG?

Accepted Answer

The 10-day RSI Indicator for PAG moved out of overbought territory on August 02, 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 37 instances where the indicator moved out of the overbought zone. In 22 of the 37 cases the stock moved lower in the days that followed. This puts the odds of a move down at 0%.

Question 2

What does the Stochastic Oscillator suggest about PAG's trend?

Accepted Answer

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Question 3

How did PAG's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 16, 2024. You may want to consider a long position or call options on PAG as a result. In 75 of 98 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for PAG?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for PAG turned negative on August 07, 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 49 similar instances when the indicator turned negative. In 28 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 0%.

Question 5

What does a 3-day decline signify for PAG's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PAG declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 6

What does PAG breaking above its upper Bollinger Band indicate?

Accepted Answer

PAG broke above its upper Bollinger Band on July 31, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Question 7

How does the Aroon Indicator reflect on PAG's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 147 of 228 cases where PAG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

PAG Stock Penske Automotive Group (PAG, $160.03) RSI Indicator left the overbought zone on May 15, 2024

PAG's RSI Oscillator leaves overbought zone

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