QQQE Direxion NASDAQ-100® Equal Wtd ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for QQQE turns negative, indicating new downward trend
QQQE saw its Momentum Indicator move below the 0 level on December 16, 2024. 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 74 similar instances where the indicator turned negative. In of the 74 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for QQQE moved out of overbought territory on December 05, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 44 similar instances where the indicator moved out of overbought territory. In of the 44 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for QQQE turned negative on December 10, 2024. 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 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QQQE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QQQE advanced for three days, in of 345 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 397 cases where QQQE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category LargeGrowth
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| DIEAX | 37.97 | -0.22 | -0.58% |
| BNY Mellon International Core Equity A | |||
| GXXIX | 14.03 | -0.10 | -0.71% |
| abrdn US Sustainable Leaders InstlSvc | |||
| SCWFX | 69.13 | -0.58 | -0.83% |
| American Funds SMALLCAP World F1 | |||
| SMDIX | 20.02 | -0.21 | -1.04% |
| Hartford Schroders US MidCap Opps I | |||
| NDVAX | 18.57 | -0.25 | -1.33% |
| MFS New Discovery Value A | |||
QQQE and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, QQQE has been closely correlated with QQEW. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if QQQE jumps, then QQEW could also see price increases.
| Ticker / NAME | Correlation To QQQE | 1D Price Change % | ||
|---|---|---|---|---|
| QQQE | 100% | -0.57% | ||
| QQEW - QQQE | 99% Closely correlated | -0.44% | ||
| SPYG - QQQE | 97% Closely correlated | -0.36% | ||
| QQQ - QQQE | 91% Closely correlated | -0.44% | ||
| QQQM - QQQE | 91% Closely correlated | -0.42% | ||
| VONG - QQQE | 88% Closely correlated | -0.33% | ||
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