+Compare
QQQM
ETF ticker: NASDAQ
AS OF
Loading...
Price
Loading...
Change
Loading...
Net Assets
17.05B

QQQM Invesco NASDAQ 100 ETF Forecast, Technical & Fundamental Analysis

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

Momentum Indicator for QQQM turns positive, indicating new upward trend

QQQM saw its Momentum Indicator move above the 0 level on December 07, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 46 similar instances where the indicator turned positive. In of the 46 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

QQQM moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for QQQM crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 8 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QQQM advanced for three days, in of 214 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 220 cases where QQQM 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 QQQM moved out of overbought territory on November 30, 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 23 similar instances where the indicator moved out of overbought territory. In of the 23 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 41 cases where QQQM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for QQQM turned negative on December 04, 2023. 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 25 similar instances when the indicator turned negative. In of the 25 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 QQQM 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 to track the investment results (before fees and expenses) of the NASDAQ-100 Index® (the “underlying index”). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq, Inc. (“Nasdaq” or the “index provider”) compiles, maintains and calculates the underlying index, which includes securities of 100 of the largest domestic and international nonfinancial companies listed on The Nasdaq Stock Market LLC based on market capitalization. It is non-diversified.

Market Cap

The average market capitalization across the Invesco NASDAQ 100 ETF ETF is 271.91B. 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 Invesco NASDAQ 100 ETF ETF was 1%. For the same ETF, the average monthly price growth was 5%, and the average quarterly price growth was 11%. WBA experienced the highest price growth at 11%, while ODFL experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the Invesco NASDAQ 100 ETF ETF was -0%. For the same stocks of the ETF, the average monthly volume growth was -4% 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: 66
P/E Growth Rating: 53
Price Growth Rating: 39
SMR Rating: 48
Profit Risk Rating: 42
Seasonality Score: 9 (-100 ... +100)
View a ticker or compare two or three
Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
Ad is loading...
A.I. Advisor
published General Information

General Information

Category LargeGrowth

Profile
Fundamentals
Details
Category
Large Growth
Address
PowerShares Exchange-Traded Fund Tr II301 West Roosevelt RoadWheaton
Phone
N/A
Web
www.invescopowershares.com
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
ETFs / NAMEPrice $Chg $Chg %
QJUN23.420.09
+0.39%
FT Cboe Vest Nasdaq-100 Buffer ETF - Jun
GDV20.450.03
+0.15%
Gabelli Dividend & Income Trust (The)
ETEC22.16-0.08
-0.36%
iShares Breakthrough Envirtl Sol ETF
RAYE21.99-0.10
-0.45%
Rayliant Quantamental Emer Mkt Eq ETF
DMO10.82-0.11
-1.01%
Western Asset Mortgage Opportunity Fund

QQQM and

Correlation & Price change

A.I.dvisor indicates that over the last year, QQQM has been closely correlated with QQQ. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if QQQM jumps, then QQQ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To QQQM
1D Price
Change %
QQQM100%
+0.42%
QQQ - QQQM
100%
Closely correlated
+0.45%
SPYG - QQQM
99%
Closely correlated
+0.40%
VUG - QQQM
99%
Closely correlated
+0.48%
SCHG - QQQM
99%
Closely correlated
+0.60%
IWF - QQQM
99%
Closely correlated
+0.50%
More