QYLD Global X NASDAQ 100 Covered Call ETF Forecast, Technical & Fundamental Analysis

QYLD in -0.55% downward trend, sliding for three consecutive days on January 02, 2025

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 QYLD declined for three days, in of 178 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for QYLD moved out of overbought territory on December 30, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 50 similar instances where the indicator moved out of overbought territory. In of the 50 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for QYLD just turned positive on January 03, 2025. Looking at past instances where QYLD's MACD turned positive, the stock continued to rise in of 49 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 QYLD advanced for three days, in of 426 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 438 cases where QYLD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .