QQXT Price Prediction, First Trust NASDAQ-100 ex-Tech Sect ETF AI Recommendations
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QQXT in upward trend: price rose above 50-day moving average on November 14, 2023
QQXT moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend. In of 38 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where QQXT's RSI Oscillator exited the oversold zone, of 25 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 November 02, 2023. You may want to consider a long position or call options on QQXT as a result. In of 75 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 QQXT just turned positive on November 02, 2023. Looking at past instances where QQXT's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for QQXT crossed bullishly above the 50-day moving average on November 17, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 QQXT advanced for three days, in of 346 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 405 cases where QQXT 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 demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 50-day moving average for QQXT moved below the 200-day moving average on October 27, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QQXT 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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Industry description
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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
QQXT and
Correlation & Price change
A.I.dvisor indicates that over the last year, QQXT has been closely correlated with SPYG. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if QQXT jumps, then SPYG could also see price increases.
| Ticker / NAME | Correlation To QQXT | 1D Price Change % | ||
|---|---|---|---|---|
| QQXT | 100% | -0.30% | ||
| SPYG - QQXT | 92% Closely correlated | -0.13% | ||
| IVW - QQXT | 83% Closely correlated | -0.14% | ||
| IWF - QQXT | 82% Closely correlated | -0.12% | ||
| VUG - QQXT | 82% Closely correlated | -0.07% | ||
| SCHG - QQXT | 81% Closely correlated | -0.09% | ||
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