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QQXT
ETF ticker: NASDAQ
AS OF
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Net Assets
166.14M

QQXT Price Prediction, First Trust NASDAQ-100 ex-Tech Sect ETF AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for QQXT with price predictions
07:00 PM EST Nov 26, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Amazon.com (NASDAQ:AMZN), Tesla (NASDAQ:TSLA), Costco Wholesale Corp (NASDAQ:COST), PepsiCo (NASDAQ:PEP), Netflix (NASDAQ:NFLX), AstraZeneca PLC (NASDAQ:AZN), Cisco Systems (NASDAQ:CSCO), Comcast Corp (NASDAQ:CMCSA), Amgen (NASDAQ:AMGN), Honeywell International (NASDAQ:HON).

Industry description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Ex-Tech Sector TM Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is an equal-weighted index composed of the securities comprising the NASDAQ-100 Index® that are not classified as "technology" according to the Industry Classification Benchmark ("ICB") classification system.

Market Cap

The average market capitalization across the First Trust NASDAQ-100 ex-Tech Sect ETF ETF is 109.56B. The market cap for tickers in the group ranges from 9.59B to 1.52T. AMZN holds the highest valuation in this group at 1.52T. 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 First Trust NASDAQ-100 ex-Tech Sect ETF ETF was 0%. For the same ETF, the average monthly price growth was 9%, and the average quarterly price growth was 4%. MELI experienced the highest price growth at 8%, while SIRI experienced the biggest fall at -6%.

Volume

The average weekly volume growth across all stocks in the First Trust NASDAQ-100 ex-Tech Sect ETF ETF was -0%. For the same stocks of the ETF, the average monthly volume growth was -17% and the average quarterly volume growth was -38%

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: 60
Price Growth Rating: 42
SMR Rating: 49
Profit Risk Rating: 46
Seasonality Score: -6 (-100 ... +100)
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published General Information

General Information

Category LargeGrowth

Profile
Fundamentals
Details
Category
Large Growth
Address
First Trust Exchange-Traded Fund1001 Warrenville Road, Suite 300Lisle
Phone
630-241-4141
Web
www.ftportfolios.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To QQXT
1D Price
Change %
QQXT100%
-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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