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QQQ
ETF ticker:
NASDAQ
AS OF
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Net Assets
191.53B

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
a Summary for QQQ with price predictions
08:00 PM EDT Jun 01, 2023

QQQ's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for QQQ turned positive on May 10, 2023. Looking at past instances where QQQ's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 05, 2023. You may want to consider a long position or call options on QQQ as a result. In of 68 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 374 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 420 cases where QQQ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 .

QQQ broke above its upper Bollinger Band on May 26, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put 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), Meta Platforms (NASDAQ:META), Tesla (NASDAQ:TSLA), Broadcom (NASDAQ:AVGO), PepsiCo (NASDAQ:PEP).

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 247.26B. The market cap for tickers in the group ranges from 12.11B to 2.85T. AAPL holds the highest valuation in this group at 2.85T. The lowest valued company is LCID at 12.11B.

High and low price notable news

The average weekly price growth across all stocks in the Invesco QQQ Trust ETF was 2%. For the same ETF, the average monthly price growth was 12%, and the average quarterly price growth was 22%. TSLA experienced the highest price growth at 11%, while LCID experienced the biggest fall at -16%.

Volume

The average weekly volume growth across all stocks in the Invesco QQQ Trust ETF was -19%. For the same stocks of the ETF, the average monthly volume growth was 9% and the average quarterly volume growth was 14%

Fundamental Analysis Ratings

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

Valuation Rating: 63
P/E Growth Rating: 52
Price Growth Rating: 41
SMR Rating: 50
Profit Risk Rating: 47
Seasonality Score: 25 (-100 ... +100)
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published price charts
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%
+0.75%
QQQM - QQQ
100%
Closely correlated
+0.77%
QQMG - QQQ
100%
Closely correlated
+0.71%
MGK - QQQ
100%
Closely correlated
+1.00%
ONEQ - QQQ
100%
Closely correlated
+1.13%
VUG - QQQ
99%
Closely correlated
+1.12%
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