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QABA
ETF ticker: NASDAQ
AS OF
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Net Assets
67.47M

QABA First Trust NASDAQ® ABA Community Bk ETF Forecast, Technical & Fundamental Analysis

Category Financial
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for QABA with price predictions
07:00 PM EST Dec 07, 2023

QABA in upward trend: 10-day moving average crossed above 50-day moving average on November 09, 2023

The 10-day moving average for QABA crossed bullishly above the 50-day moving average on November 09, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 01, 2023. You may want to consider a long position or call options on QABA as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for QABA just turned positive on December 01, 2023. Looking at past instances where QABA's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

QABA moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QABA advanced for three days, in of 298 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 245 cases where QABA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 .

QABA broke above its upper Bollinger Band on December 01, 2023. 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Veritex Holdings (NASDAQ:VBTX).

Industry description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ OMX® ABA Community Bank TM Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to track the performance of small, mid and large capitalization companies that comprise the community banking industry.

Market Cap

The average market capitalization across the First Trust NASDAQ® ABA Community Bk ETF ETF is 1.38B. The market cap for tickers in the group ranges from 213.85M to 6.29B. CBSH holds the highest valuation in this group at 6.29B. The lowest valued company is BLFY at 213.85M.

High and low price notable news

The average weekly price growth across all stocks in the First Trust NASDAQ® ABA Community Bk ETF ETF was 4%. For the same ETF, the average monthly price growth was 15%, and the average quarterly price growth was 12%. NFBK experienced the highest price growth at 9%, while HONE experienced the biggest fall at -2%.

Volume

The average weekly volume growth across all stocks in the First Trust NASDAQ® ABA Community Bk ETF ETF was -32%. For the same stocks of the ETF, the average monthly volume growth was 26% and the average quarterly volume growth was -1%

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: 64
Price Growth Rating: 44
SMR Rating: 21
Profit Risk Rating: 74
Seasonality Score: 29 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Financial

Profile
Fundamentals
Details
Category
Financial
Address
First Trust Exchange-Traded Fund1001 Warrenville Road, Suite 300Lisle
Phone
630-241-4141
Web
www.ftportfolios.com
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QABA and

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 97% 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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To QABA
1D Price
Change %
QABA100%
+0.82%
KRE - QABA
97%
Closely correlated
+1.09%
KBE - QABA
96%
Closely correlated
+1.10%
FXO - QABA
89%
Closely correlated
+0.95%
KBWB - QABA
86%
Closely correlated
+1.35%
VFH - QABA
80%
Closely correlated
+0.59%
More