QQQY Stock Tickeron detected bearish ETF Pattern: Triangle Symmetrical Bottom QQQY on July 17, 2024, netting in a 8.71% gain over 2 weeks

GET DAILY SIGNALS

Get AI intraday signals

QQQY - Defiance Nasdaq 100 Enh Opt Inc ETF

Ticker: QQQY

Company: Defiance Nasdaq 100 Enh Opt Inc ETF

Gain from shortening: +8.71%

Confirmed: 07/17/24

Succeeded: 07/31/24

Total length: 20 days

QQQY in upward trend: price expected to rise as it breaks its lower Bollinger Band on October 31, 2024

QQQY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 13 cases where QQQY's price broke its lower Bollinger Band, its price rose further in 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 06, 2024. You may want to consider a long position or call options on QQQY as a result. In of 14 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 QQQY advanced for three days, in of 115 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 38 cases where QQQY 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 Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 12 cases where QQQY'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 QQQY turned negative on November 15, 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 9 similar instances when the indicator turned negative. In of the 9 cases the stock turned lower in the days that followed. This puts the odds of success at .

QQQY moved below its 50-day moving average on November 15, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where QQQY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .