Aroon Indicator for QTUM shows an upward move is likely
QTUM's Aroon Indicator triggered a bullish signal on December 17, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 366 similar instances where the Aroon Indicator showed a similar pattern. In of the 366 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for QTUM just turned positive on November 21, 2024. Looking at past instances where QTUM'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 .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where QTUM advanced for three days, in of 342 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QTUM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
QTUM broke above its upper Bollinger Band on December 16, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
General Information
Category Technology
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QTUM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, QTUM has been closely correlated with SOXX. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if QTUM jumps, then SOXX could also see price increases.
| Ticker / NAME | Correlation To QTUM | 1D Price Change % | ||
|---|---|---|---|---|
| QTUM | 100% | +4.71% | ||
| SOXX - QTUM | 90% Closely correlated | -1.41% | ||
| SMH - QTUM | 88% Closely correlated | -1.30% | ||
| CHAT - QTUM | 87% Closely correlated | -1.65% | ||
| VGT - QTUM | 86% Closely correlated | -0.62% | ||
| IYW - QTUM | 83% Closely correlated | -0.60% | ||
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