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May 19, 2023

HCM Defender 100 Index ETF (QQH) Shows Signs of Price Reversal: Time to Brace for a Downtrend?

Unlocking the Power of Artificial Intelligence to Make Trading Decisions with Tickeron's AI Robots.


The HCM Defender 100 Index ETF (QQH) has experienced a significant development in its price trend. The RSI (Relative Strength Index) Indicator, a popular technical analysis tool, has recently left the overbought zone on May 17, 2023. This unexpected move suggests a potential shift from an uptrend to a downtrend, urging traders to consider their next moves. In this blog post, we delve into the implications of this RSI Indicator shift and explore historical data to gauge potential outcomes.

Analyzing Historical Cases: A comprehensive analysis conducted by A.I.dvisor revealed 37 comparable instances where QQH's RSI Indicator exited the overbought zone. Surprisingly, 32 of these cases resulted in successful outcomes, presenting an 86% chance of success based on historical data. Such findings underscore the significance of this technical signal and its potential impact on QQH's future price trajectory.

Implications for Traders: The RSI Indicator's departure from the overbought zone raises important considerations for traders. With a possible transition from an uptrend to a downtrend, strategic adjustments and risk management are crucial. Traders may explore selling the stock or exploring put options to capitalize on a potential price decline. However, it is crucial to conduct thorough research, seek expert advice, and align decisions with individual risk tolerance and investment goals.

The recent RSI Indicator shift for the HCM Defender 100 Index ETF (QQH) serves as an important alert for traders. The possibility of a price trend shift necessitates vigilance and adaptability. While historical analysis suggests favorable odds of success, it is essential to exercise caution and consider market volatility and individual circumstances. Stay informed, remain agile, and consult with financial professionals before making any investment decisions.

 

Related Ticker: QQH

QQH in downward trend: 10-day moving average moved below 50-day moving average on August 02, 2024

The 10-day moving average for QQH crossed bearishly below the 50-day moving average on August 02, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Price Prediction Chart
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Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), Broadcom Inc. (NASDAQ:AVGO), Tesla (NASDAQ:TSLA), Costco Wholesale Corp (NASDAQ:COST).

Industry description

The investment seeks to provide investment results that correspond, before fees and expenses, generally to the performance of the HCM Defender 100 Index. The fund seeks to achieve its investment objective by investing at least 80% of its net assets, including borrowings for investment purposes but exclusive of collateral held from securities lending, in securities included in the index. The index seeks to outperform the Solactive US Technology 100 Index using a proprietary methodology.

Market Cap

The average market capitalization across the HCM Defender 100 Index ETF ETF is 247.14B. The market cap for tickers in the group ranges from 14.72B to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is DLTR at 14.72B.

High and low price notable news

The average weekly price growth across all stocks in the HCM Defender 100 Index ETF ETF was 5%. For the same ETF, the average monthly price growth was 25%, and the average quarterly price growth was 65%. MDB experienced the highest price growth at 18%, while DLTR experienced the biggest fall at -19%.

Volume

The average weekly volume growth across all stocks in the HCM Defender 100 Index ETF ETF was -15%. For the same stocks of the ETF, the average monthly volume growth was -30% and the average quarterly volume growth was -55%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 65
P/E Growth Rating: 59
Price Growth Rating: 43
SMR Rating: 48
Profit Risk Rating: 40
Seasonality Score: -39 (-100 ... +100)
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General Information

Category LargeGrowth

Profile
Fundamentals
Details
Category
Large Growth
Address
Northern Lights Fund Trust III17605 WRIGHT STREETOmaha
Phone
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www.thecoveredbridgefund.com
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