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QQQ
ETF ticker:
NASDAQ
AS OF
Jun 29 closing price
Price
$283.80
Change
+$0.26 (+0.09%)
Net Assets
154.62B

QQQ Price Prediction, Invesco QQQ Trust AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
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12:00 AM EDT Jun 29, 2022

Momentum Indicator for QQQ turns positive, indicating new upward trend

QQQ saw its Momentum Indicator move above the 0 level on June 27, 2022. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 70 similar instances where the indicator turned positive. In 66 of the 70 cases, the stock moved higher in the following days. The odds of a move higher are at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where QQQ's RSI Indicator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for QQQ just turned positive on June 24, 2022. Looking at past instances where QQQ's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QQQ advanced for three days, in of 391 cases, the price rose further within the following month. The odds of a continued upward trend are .

QQQ 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 may be shifting from an upward trend to a downward trend. In of 64 cases where QQQ's Stochastic Oscillator exited the overbought zone, the price fell further within 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 QQQ 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 QQQ entered a downward trend on June 01, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed
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A.I.Advisor
published price charts
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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), Tesla (NASDAQ:TSLA), Meta Platforms (NASDAQ:META), NVIDIA Corp (NASDAQ:NVDA), PepsiCo (NASDAQ:PEP), Costco Wholesale Corp (NASDAQ:COST).

Industry description

The investment seeks investment results that generally correspond to the price and yield performance of the NASDAQ-100 Index®. To maintain the correspondence between the composition and weights of the securities in the trust (the "securities") and the stocks in the NASDAQ-100 Index®, the adviser adjusts the securities from time to time to conform to periodic changes in the identity and/or relative weights of index securities. The composition and weighting of the securities portion of a portfolio deposit are also adjusted to conform to changes in the index.

Market Cap

The average market capitalization across the Invesco QQQ Trust ETF is 212.92B. The market cap for tickers in the group ranges from 12.2B to 2.25T. AAPL holds the highest valuation in this group at 2.25T. The lowest valued company is DOCU at 12.2B.

High and low price notable news

The average weekly price growth across all stocks in the Invesco QQQ Trust ETF was 1%. For the same ETF, the average monthly price growth was -8%, and the average quarterly price growth was -28%. OKTA experienced the highest price growth at 9%, while AMD experienced the biggest fall at -7%.

Volume

The average weekly volume growth across all stocks in the Invesco QQQ Trust ETF was -10%. For the same stocks of the ETF, the average monthly volume growth was -13% and the average quarterly volume growth was 66%

Fundamental Analysis Ratings

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

Valuation Rating: 61
P/E Growth Rating: 53
Price Growth Rating: 58
SMR Rating: 63
Profit Risk Rating: 45
Seasonality Score: 34 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeGrowth

Profile
Fundamentals
Details
Category
Large Growth
Address
300 West Roosevelt RoadWheaton
Phone
N/A
Web
www.invescopowershares.com

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QQQ and

Correlation & Price change

A.I.dvisor indicates that over the last year, QQQ has been closely correlated with QQQM. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if QQQ jumps, then QQQM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To QQQ
1D Price
Change %
QQQ100%
+0.09%
QQQM - QQQ
100%
Closely correlated
+0.09%
MGK - QQQ
99%
Closely correlated
+0.31%
IWF - QQQ
99%
Closely correlated
+0.18%
VUG - QQQ
99%
Closely correlated
+0.20%
VONG - QQQ
99%
Closely correlated
+0.16%
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