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QQQE
ETF ticker: NASDAQ
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Net Assets
920.7M

QQQE Direxion NASDAQ-100® Equal Wtd ETF Forecast, Technical & Fundamental Analysis

Category LargeGrowth
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for QQQE with price predictions
07:00 PM EST Dec 03, 2023

QQQE in +1.16% Uptrend, rising for three consecutive days on December 01, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where QQQE advanced for three days, in of 350 cases, the price rose further within 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 November 03, 2023. You may want to consider a long position or call options on QQQE as a result. In of 69 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for QQQE just turned positive on November 03, 2023. Looking at past instances where QQQE's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

QQQE moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for QQQE crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 439 cases where QQQE 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 10-day RSI Indicator for QQQE moved out of overbought territory on December 04, 2023. 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 49 similar instances where the indicator moved out of overbought territory. In of the 49 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 20 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 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 .

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), Adobe (NASDAQ:ADBE).

Industry description

The investment seeks investment results before fees and expenses that track the NASDAQ-100® Equal Weighted Index. The fund, under normal circumstances, invests at least 80% of its assets in the securities that comprise the index or investments with economic characteristics similar to the securities included in the index. The index is the equal weighted version of the NASDAQ-100 Index® which includes approximately 100 of the largest domestic and international non-financial companies listed on the NASDAQ® Stock Market based on market capitalization. The fund is non-diversified.

Market Cap

The average market capitalization across the Direxion NASDAQ-100® Equal Wtd ETF ETF is 190.05B. The market cap for tickers in the group ranges from 9.59B to 2.96T. AAPL holds the highest valuation in this group at 2.96T. The lowest valued company is LCID at 9.59B.

High and low price notable news

The average weekly price growth across all stocks in the Direxion NASDAQ-100® Equal Wtd ETF ETF was 1%. For the same ETF, the average monthly price growth was 6%, and the average quarterly price growth was 8%. PDD experienced the highest price growth at 21%, while MRVL experienced the biggest fall at -7%.

Volume

The average weekly volume growth across all stocks in the Direxion NASDAQ-100® Equal Wtd ETF ETF was 1%. For the same stocks of the ETF, the average monthly volume growth was -20% and the average quarterly volume growth was -31%

Fundamental Analysis Ratings

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

Valuation Rating: 67
P/E Growth Rating: 56
Price Growth Rating: 40
SMR Rating: 50
Profit Risk Rating: 43
Seasonality Score: 8 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeGrowth

Profile
Fundamentals
Details
Category
Large Growth
Address
Direxion Shares ETF Trust33 Whitehall Street,10th FloorNew York
Phone
866-476-7523
Web
http://www.direxioninvestments.com/
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QQQE and

Correlation & Price change

A.I.dvisor indicates that over the last year, QQQE has been closely correlated with SPYG. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if QQQE jumps, then SPYG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To QQQE
1D Price
Change %
QQQE100%
-0.53%
SPYG - QQQE
97%
Closely correlated
-0.71%
VUG - QQQE
93%
Closely correlated
-0.93%
IWF - QQQE
93%
Closely correlated
-0.85%
QQQ - QQQE
93%
Closely correlated
-0.93%
SCHG - QQQE
92%
Closely correlated
-0.96%
More