QVML Invesco S&P 500 QVM Multi-factor ETF Forecast, Technical & Fundamental Analysis
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 .
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)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LargeBlend
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| SMCFX | 64.37 | 0.33 | +0.52% |
| American Funds SMALLCAP World F2 | |||
| PLVJX | 17.47 | 0.07 | +0.40% |
| Principal Large Cap Value III J | |||
| IACIX | 10.70 | 0.03 | +0.28% |
| VY® American Century Sm-Mid Cp Val I | |||
| PEDMX | 11.95 | 0.02 | +0.17% |
| Principal Edge MidCap R-6 | |||
| AAISX | 18.83 | 0.02 | +0.11% |
| American Beacon International Eq Adv | |||
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.
| Ticker / NAME | Correlation To QVML | 1D Price Change % | ||
|---|---|---|---|---|
| QVML | 100% | +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% |