QQQN VictoryShares Nasdaq Next 50 ETF Forecast, Technical & Fundamental Analysis
QQQN's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for QQQN turned positive on May 17, 2022. Looking at past instances where QQQN's MACD turned positive, the stock continued to rise in 14 of 15 cases over the following month. The odds of a continued upward trend are 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where QQQN's RSI Indicator exited the oversold zone, of 8 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 15 cases where QQQN's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 23, 2022. You may want to consider a long position or call options on QQQN as a result. In of 26 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 QQQN advanced for three days, in of 116 cases, the price rose further within the following month. The odds of a continued upward trend are .
QQQN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QQQN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for QQQN entered a downward trend on May 23, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
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General Information
Category MidCapGrowth
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QQQN and
Correlation & Price change
A.I.dvisor indicates that over the last year, QQQN has been closely correlated with IWP. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if QQQN jumps, then IWP could also see price increases.
| Ticker / NAME | Correlation To QQQN | 1D Price Change % |
|---|---|---|
| QQQN | 100% | +2.21% |
| IWP - QQQN | 96% Closely correlated | +2.11% |
| VOT - QQQN | 95% Closely correlated | +1.57% |
| VXF - QQQN | 94% Closely correlated | +2.07% |
| IJK - QQQN | 90% Closely correlated | +2.13% |
| ARKK - QQQN | 87% Closely correlated | +4.64% |