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QVMS Stock Tickeron detected bearish ETF Pattern: Head-and-Shoulders Top on October 28, 2024

A.I.dvisor
at Tickeron.com
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Head-and-Shoulders Top
QVMS - Invesco S&P SmallCp 600 QVM Mlt-fctr ETF
Tickeron
Emerged: 10/28/24
Breakout: $26.75
Price: $27.23
Target price: $25.7
A.I.dvisor detected a bearish Head-and-Shoulders Top pattern for QVMS stock. This pattern was detected on October 28, 2024 . The odds of reaching the target price are 6. The pattern forms with a center peak (the Head, labeled 3) and left and right Shoulders (1, 5). Eventually the security stops testing highs and reverses trend into a decline. Consider selling a security short before it declines or buying a put option to benefit from the price decline. To improve success chances, wait for a confirmation move: allow the price to break below the Neckline level (2, 4), which is calculated as the average of the two lows between the Head and the Shoulders.
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General Information

Category SmallBlend

Profile
Fundamentals
Details
Category
Small Blend
Address
PowerShares Exchange-Traded Fund Tr II301 West Roosevelt RoadWheaton
Phone
N/A
Web
www.invescopowershares.com