PDP Forecast


Bullish Case: PDP is currently trading at $101.37, a 22.7% increase from the previous year, with historical returns indicating a likelihood of positive returns over the next year. The HeliumTrades AI forecast is bullish with a +1.01% short-term increase, driven by strong price momentum.


Bearish Case: High implied volatility and political instability could lead to a correction. The Helium uncertainty surpasses market volatility, suggesting potential overvaluation. Economic and political uncertainties may negatively impact PDP's performance in the near term.


Potential Outcomes: Moderate gain (55%), minor decline (25%), sharp drop (20%). These probabilities are based on historical price movements and current political events affecting PDP's performance.


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July 17, 2024


Invesco Capital Management LLC - Invesco DWA Momentum Forecast

PDP      Invesco Capital Management LLC - Invesco DWA Momentum











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Assets that tend to move strongly with PDP



SSO Forecast + Options Trading Strategies   SSO  ProShares Ultra S&P500 (0.99)


UPRO Forecast + Options Trading Strategies   UPRO  ProShares UltraPro S&P 500 (0.99)


VOO Forecast + Options Trading Strategies   VOO  Vanguard S&P 500 (0.98)


VIG Forecast + Options Trading Strategies   VIG  Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF (0.98)


SPLG Forecast + Options Trading Strategies   SPLG  SPDR Series Trust - SPDR Portfolio S&P 500 (0.98)



Uncorrelated Assets

Assets with little price relationship to PDP



OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.0)


POR Forecast + Options Trading Strategies   POR  Portland General Electric (-0.0)


RH Forecast + Options Trading Strategies   RH  RH - (-0.0)


NOK Forecast + Options Trading Strategies   NOK  Nokia (0.0)


KWEB Forecast + Options Trading Strategies   KWEB  KraneShares CSI China Internet (0.0)



Anticorrelated Assets

Assets that tend to move strongly against PDP



DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.95)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.97)


TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (-0.97)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.99)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.99)





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