QQMG Stock Tickeron detected bearish ETF Pattern: Head-and-Shoulders Top on December 23, 2024

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QQMG - Invesco ESG NASDAQ 100 ETF

Emerged: 12/23/24

Breakout: $35.17

Price: $35.71

Target price: $33.86

QQMG in -1.28% downward trend, sliding for three consecutive days on January 02, 2025

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where QQMG declined for three days, in of 167 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on January 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on QQMG as a result. In of 55 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 33 cases where QQMG's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

QQMG moved above its 50-day moving average on January 03, 2025 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 QQMG advanced for three days, in of 232 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 202 cases where QQMG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .