QTAP Innovator Growth-100 Acltd Ps ETF™ April Forecast, Technical & Fundamental Analysis
QTAP's Stochastic Oscillator is staying in oversold zone for 6 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 uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QTAP advanced for three days, in of 163 cases, the price rose further within the following month. The odds of a continued upward trend are .
QTAP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 168 cases where QTAP 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 Momentum Indicator moved below the 0 level on September 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on QTAP as a result. In of 35 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for QTAP turned negative on September 20, 2023. 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 17 similar instances when the indicator turned negative. In of the 17 cases the stock turned lower in the days that followed. This puts the odds of success at .
QTAP moved below its 50-day moving average on September 21, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for QTAP crossed bearishly below the 50-day moving average on September 27, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 6 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QTAP 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)
Industry description
General Information
Category LargeBlend
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| GREIX | 10.61 | N/A | N/A |
| Goldman Sachs Real Estate Securities Ins | |||
| CWVIX | 21.35 | -0.02 | -0.09% |
| Calvert International Equity I | |||
| ILESX | 13.56 | -0.04 | -0.29% |
| Fisher IIG US Lrg Cp Eq Env & Scl Val | |||
| IAUTX | 23.53 | -0.15 | -0.63% |
| Invesco Dividend Income A | |||
| LEVOX | 14.00 | -0.12 | -0.85% |
| Lazard US Equity Concentrated Open | |||
QTAP and
Correlation & Price change
A.I.dvisor tells us that QTAP and FAUG have been poorly correlated (+14% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that QTAP and FAUG's prices will move in lockstep.
| Ticker / NAME | Correlation To QTAP | 1D Price Change % | ||
|---|---|---|---|---|
| QTAP | 100% | +0.09% | ||
| FAUG - QTAP | 14% Poorly correlated | -0.29% | ||
| DAUG - QTAP | 5% Poorly correlated | +0.03% | ||
| ETJ - QTAP | 3% Poorly correlated | +0.79% | ||
| PNOV - QTAP | 3% Poorly correlated | -0.06% | ||
| PAUG - QTAP | 2% Poorly correlated | -0.10% | ||
More | ||||