QQQJ Stock Invesco NASDAQ Next Gen 100 ETF (QQQJ, $30.01) entered Downtrend as Momentum indicator drops below 0 level on Oct 23, 2024

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QQQJ - Invesco NASDAQ Next Gen 100 ETF

Momentum signal

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Odds of DOWN Trend

Price: $30.01

Daily change: -$0.32 (-1.06%)

Daily volume: 94.8K

Net Assets: $677.8M

QQQJ's RSI Oscillator peaks and leaves overbought zone

The 10-day RSI Oscillator for QQQJ moved out of overbought territory on October 01, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 28 instances where the indicator moved out of the overbought zone. In of the 28 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 23, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on QQQJ as a result. In of 62 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for QQQJ turned negative on October 08, 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 35 similar instances when the indicator turned negative. In of the 35 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 QQQJ 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 demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QQQJ advanced for three days, in of 269 cases, the price rose further within the following month. The odds of a continued upward trend are .

QQQJ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 232 cases where QQQJ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .