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QVML
ETF ticker: NYSE ARCA
AS OF
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Net Assets
868.85M

QVML Invesco S&P 500 QVM Multi-factor ETF Forecast, Technical & Fundamental Analysis

Category LargeBlend
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for QVML with price predictions
07:00 PM EST Dec 07, 2023

QVML sees MACD Histogram crosses below signal line

QVML saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 06, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 22 instances where the indicator turned negative. In of the 22 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 RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 33 cases where QVML's Stochastic Oscillator exited the overbought zone, the price fell further within 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 QVML declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

QVML broke above its upper Bollinger Band on December 08, 2023. 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on QVML as a result. In of 30 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

QVML moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for QVML crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 7 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 QVML advanced for three days, in of 155 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 147 cases where QVML Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Eli Lilly & Co (NASDAQ:LLY), VISA (NASDAQ:V), Unitedhealth Group (NASDAQ:UNH), Broadcom (NASDAQ:AVGO).

Industry description

The investment seeks to track the investment results of the S&P 500® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. S&P DJI compiles, maintains and calculates the index, which is designed to measure the performance of 90% of the stocks within the S&P 500® Index after excluding those with the lowest quality, value and momentum multi-factor score. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Market Cap

The average market capitalization across the Invesco S&P 500 QVM Multi-factor ETF ETF is 101.65B. The market cap for tickers in the group ranges from 4.72B to 2.96T. AAPL holds the highest valuation in this group at 2.96T. The lowest valued company is ALK at 4.72B.

High and low price notable news

The average weekly price growth across all stocks in the Invesco S&P 500 QVM Multi-factor ETF ETF was 0%. For the same ETF, the average monthly price growth was 5%, and the average quarterly price growth was 8%. CCL experienced the highest price growth at 15%, while ALK experienced the biggest fall at -10%.

Volume

The average weekly volume growth across all stocks in the Invesco S&P 500 QVM Multi-factor ETF ETF was -9%. For the same stocks of the ETF, the average monthly volume growth was -2% and the average quarterly volume growth was 2%

Fundamental Analysis Ratings

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

Valuation Rating: 59
P/E Growth Rating: 51
Price Growth Rating: 40
SMR Rating: 51
Profit Risk Rating: 47
Seasonality Score: 15 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeBlend

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Fundamentals
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Category
Large Blend
Address
PowerShares Exchange-Traded Fund Tr II301 West Roosevelt RoadWheaton
Phone
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Web
www.invescopowershares.com
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QVML and

Correlation & Price change

A.I.dvisor indicates that over the last year, QVML has been closely correlated with IVV. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if QVML jumps, then IVV could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To QVML
1D Price
Change %
QVML100%
+0.49%
IVV - QVML
99%
Closely correlated
+0.43%
SPY - QVML
99%
Closely correlated
+0.43%
VOO - QVML
99%
Closely correlated
+0.43%
VTI - QVML
98%
Closely correlated
+0.48%
VIG - QVML
95%
Closely correlated
+0.22%