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QQXT
ETF ticker: NASDAQ
AS OF
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Net Assets
166.93M

QQXT First Trust NASDAQ-100 ex-Tech Sect ETF Forecast, Technical & Fundamental Analysis

Category LargeGrowth
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for QQXT with price predictions
08:00 PM EDT Sep 28, 2023

QQXT sees MACD Histogram just turned negative

QQXT saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 19, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 48 instances where the indicator turned negative. In of the 48 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on QQXT as a result. In of 76 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

QQXT moved below its 50-day moving average on August 31, 2023 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 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 .

The Aroon Indicator for QQXT entered a downward trend on September 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where QQXT's RSI Indicator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QQXT advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .

QQXT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

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), Cisco Systems (NASDAQ:CSCO), AstraZeneca PLC (NASDAQ:AZN), Comcast Corp (NASDAQ:CMCSA), Netflix (NASDAQ:NFLX), 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 103.35B. The market cap for tickers in the group ranges from 12.76B to 1.31T. AMZN holds the highest valuation in this group at 1.31T. The lowest valued company is LCID at 12.76B.

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 23%. For the same ETF, the average monthly price growth was 5%, and the average quarterly price growth was 62%. SIRI experienced the highest price growth at 12%, while EXC 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 -8%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 67
P/E Growth Rating: 59
Price Growth Rating: 51
SMR Rating: 50
Profit Risk Rating: 49
Seasonality Score: -27 (-100 ... +100)
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A.I. Advisor
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%
-0.04%
SPYG - QQXT
92%
Closely correlated
-0.25%
IWF - QQXT
86%
Closely correlated
-0.09%
IVW - QQXT
86%
Closely correlated
-0.29%
VUG - QQXT
86%
Closely correlated
+0.10%
SCHG - QQXT
85%
Closely correlated
+0.01%
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