QABA First Trust NASDAQ® ABA Community Bk ETF Forecast, Technical & Fundamental Analysis
QABA sees MACD Histogram just turned negative
QABA saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on November 29, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 43 instances where the indicator turned negative. In of the 43 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for QABA moved out of overbought territory on November 26, 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 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on QABA as a result. In of 97 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QABA 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
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QABA advanced for three days, in of 293 cases, the price rose further within the following month. The odds of a continued upward trend are .
QABA 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 235 cases where QABA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Financial
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| VCIEX | 8.27 | -0.03 | -0.36% |
| VALIC Company I International Eqs Idx | |||
| MIEGX | 10.62 | -0.04 | -0.38% |
| BNY Mellon Emerging Markets Inv | |||
| SCAVX | 15.19 | -0.21 | -1.36% |
| AB Small Cap Value A | |||
| CTAGX | 16.02 | -0.23 | -1.42% |
| Calamos Timpani SMID Growth A | |||
| AMDVX | 15.79 | -1.20 | -7.07% |
| American Century Mid Cap Value R6 | |||
QABA and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, QABA has been closely correlated with KRE. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if QABA jumps, then KRE could also see price increases.
| Ticker / NAME | Correlation To QABA | 1D Price Change % | ||
|---|---|---|---|---|
| QABA | 100% | -2.20% | ||
| KRE - QABA | 98% Closely correlated | -2.35% | ||
| KBE - QABA | 97% Closely correlated | -2.07% | ||
| FXO - QABA | 89% Closely correlated | -1.46% | ||
| KBWB - QABA | 86% Closely correlated | -1.47% | ||
| KCE - QABA | 79% Closely correlated | -1.43% | ||
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