QVMM Stock Invesco S&P MidCap 400 QVM Mlt-fctr ETF (QVMM, $29.15) entered Uptrend as Momentum indicator ascends above 0 level on Nov 05, 2024

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QVMM - Invesco S&P MidCap 400 QVM Mlt-fctr ETF

Momentum signal

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Odds of UP Trend

Price: $29.15

Daily change: +$0.43 (+1.49%)

Daily volume: 1

Net Assets: $321.2M

Momentum Indicator for QVMM turns positive, indicating new upward trend

QVMM saw its Momentum Indicator move above the 0 level on November 05, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 63 similar instances where the indicator turned positive. In of the 63 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for QVMM just turned positive on November 06, 2024. Looking at past instances where QVMM's MACD turned positive, the stock continued to rise in of 29 cases 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 QVMM advanced for three days, in of 224 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 190 cases where QVMM 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 RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where QVMM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

QVMM broke above its upper Bollinger Band on November 06, 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.