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QVMM Stock Invesco S&P MidCap 400 QVM Mlt-fctr ETF (QVMM, $30.43) RSI Indicator left the overbought zone on November 06, 2024

A.I.dvisor
at Tickeron.com
11/07/24
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QVMM - Invesco S&P MidCap 400 QVM Mlt-fctr ETF
RSI signal
Bearish Trend
Odds of DOWN Trend
Tickeron
RSI signal
Price: $30.43
Daily change: +$1.29 (+4.41%)
Daily volume: 151
Net Assets: $325.9M
This is a signal that QVMM's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. A.I.dvisor looked back and found 22 similar cases where QVMM's RSI Indicator left the overbought zone, and in of them led to a successful outcome. Odds of Success:

QVMM in -1.26% downward trend, sliding for three consecutive days on November 01, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where QVMM declined for three days, in of 193 cases, the price declined further within the following month. The odds of a continued downward trend are .

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 entered the overbought zone. Expect a price pull-back in the foreseeable future.

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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 05, 2024. You may want to consider a long position or call options on QVMM as a result. In of 63 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

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 189 cases where QVMM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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QVMM
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General Information

Category MidCapBlend

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Mid-Cap Blend
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PowerShares Exchange-Traded Fund Tr II301 West Roosevelt RoadWheaton
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www.invescopowershares.com