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QQMG
ETF ticker: NASDAQ
AS OF
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20.42M

QQMG Invesco ESG NASDAQ 100 ETF Forecast, Technical & Fundamental Analysis

Category LargeGrowth
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for QQMG with price predictions
08:00 PM EDT Sep 26, 2023

Momentum Indicator for QQMG turns negative, indicating new downward trend

QQMG saw its Momentum Indicator move below the 0 level on September 13, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 30 similar instances where the indicator turned negative. In of the 30 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for QQMG turned negative on September 15, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 14 similar instances when the indicator turned negative. In of the 14 cases the stock turned lower in the days that followed. This puts the odds of success at .

QQMG moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for QQMG crossed bearishly below the 50-day moving average on September 20, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 5 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 QQMG 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 QQMG entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where QQMG's RSI Oscillator exited the oversold zone, of 9 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 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 QQMG advanced for three days, in of 114 cases, the price rose further within the following month. The odds of a continued upward trend are .

QQMG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

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

Industry description

The investment seeks to track the investment results (before fees and expenses) of the Nasdaq-100® ESG Index(the “underlying index”). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is designed to measure the performance of companies included in the Nasdaq-100® Index (the “parent index”) that also meet the index provider's ESG criteria. The parent index includes securities of 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market LLC based on market capitalization. The fund is non-diversified.

Market Cap

The average market capitalization across the Invesco ESG NASDAQ 100 ETF ETF is 277.58B. The market cap for tickers in the group ranges from 11.71B to 2.69T. AAPL holds the highest valuation in this group at 2.69T. The lowest valued company is LCID at 11.71B.

High and low price notable news

The average weekly price growth across all stocks in the Invesco ESG NASDAQ 100 ETF ETF was -3%. For the same ETF, the average monthly price growth was -4%, and the average quarterly price growth was 11%. SGEN experienced the highest price growth at 3%, while TSLA experienced the biggest fall at -8%.

Volume

The average weekly volume growth across all stocks in the Invesco ESG NASDAQ 100 ETF ETF was 17%. For the same stocks of the ETF, the average monthly volume growth was 30% and the average quarterly volume growth was -9%

Fundamental Analysis Ratings

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

Valuation Rating: 66
P/E Growth Rating: 53
Price Growth Rating: 46
SMR Rating: 46
Profit Risk Rating: 44
Seasonality Score: -39 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeGrowth

Profile
Fundamentals
Details
Category
Large Growth
Address
PowerShares Exchange-Traded Fund Tr II301 West Roosevelt RoadWheaton
Phone
N/A
Web
www.invescopowershares.com
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QQMG and

Correlation & Price change

A.I.dvisor indicates that over the last year, QQMG has been closely correlated with QQQ. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if QQMG jumps, then QQQ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To QQMG
1D Price
Change %
QQMG100%
+0.30%
QQQ - QQMG
99%
Closely correlated
+0.23%
SPYG - QQMG
99%
Closely correlated
+0.17%
SCHG - QQMG
98%
Closely correlated
+0.19%
VUG - QQMG
98%
Closely correlated
+0.14%
IWF - QQMG
98%
Closely correlated
+0.17%
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