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 .
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)
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LargeGrowth
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.
| Ticker / NAME | Correlation To QQMG | 1D Price Change % | ||
|---|---|---|---|---|
| QQMG | 100% | +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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