QAT in +0.43% Uptrend, rising for three consecutive days on December 17, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where QAT advanced for three days, in of 292 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 11, 2024. You may want to consider a long position or call options on QAT as a result. In of 86 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 QAT just turned positive on December 11, 2024. Looking at past instances where QAT's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
QAT moved above its 50-day moving average on December 16, 2024 date and that indicates a change from a downward trend to an upward trend.
QAT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day moving average for QAT crossed bearishly below the 50-day moving average on November 26, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QAT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for QAT entered a downward trend on December 06, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Miscellaneous
QAT and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, QAT has been loosely correlated with EWC. These tickers have moved in lockstep 41% of the time. This A.I.-generated data suggests there is some statistical probability that if QAT jumps, then EWC could also see price increases.