QQQE Direxion NASDAQ-100® Equal Wtd ETF Forecast, Technical & Fundamental Analysis
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 .
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)
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High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LargeGrowth
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.
| Ticker / NAME | Correlation To QQQE | 1D Price Change % | ||
|---|---|---|---|---|
| QQQE | 100% | -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% | ||
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