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Stock Charts AI Power Rank: 4.9
Power Rank trend -> Falling
07/26/2024 16:28:00 EST
Invesco QQQ Trust (QQQ)
Industry:
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, QQQ has been trading in a range between $502.96 and $475.24 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
$QQQ entered a Red zone 3 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $, a potential down side of NAN% from the recent price of 0.00. The stock is trading NAN% (potential upside) below its 52 week high of $0.00 and NAN % (potential downside) above its 52 week low of $0.00 - based on the recent price.
Company Summary
To maintain the correspondence between the composition and weights of the securities in the trust (the securities) and the stocks in the NASDAQ-100 Index®, the adviser adjusts the securities from time to time to conform to periodic changes in the identity and/or relative weights of index securities The composition and weighting of the securities portion of a portfolio deposit are also adjusted to conform to changes in the index. .
News
| 1 No-Brainer Growth ETF to Buy Right Now for Less Than $500 The Invesco QQQ gives investors diverse exposure to the leading technology companies. The fund's top holdings benefit from underlying growth trends in e-commerce, AI, cloud computing, and other areas. Source: The Motley Fool Thu, 25 Jul 2024 05:46:00 -0400 Sentiment: Positive |
| Disruptive Theme of the Week: The Rise of Active Thematic ETFs This year has been a big year for active ETFs! According to Morningstar, even though actively managed ETFs still only represent 7% of ETF assets, they accounted for 25% of the flows in the first half of this year, growing to a record $889 billion from their start of the year, $714 billion. Source: ETF Trends Tue, 23 Jul 2024 18:30:15 -0400 Sentiment: Positive |
| AI Issues to Consider as Tech Q2 Earnings Arrive The next few weeks will bring a slew of second-quarter earnings reports from large-cap communication services and technology companies. That means investors could glean more insight regarding the vibrancy around the AI investment thesis. Source: ETF Trends Mon, 22 Jul 2024 12:54:28 -0400 Sentiment: Neutral |
| Indexes Are At All-Time Highs, But AI Stocks Are Already Correcting (Technical Analysis) In April, I expected tech and AI to be in a correction by June - so far, right on track. Evidence in July shows Nvidia, AMD, Qualcomm, and Micron in corrective structures, while other names like Meta Platforms are joining their hardware brethren. Overall, AI has begun a correction, and it may last for a few months, with bounces along the way. Source: Seeking Alpha Mon, 22 Jul 2024 09:29:00 -0400 Sentiment: Negative |
| Closing the Chapter on Inflation? ETFs to Watch With inflation showcasing a favorable trend recently and the price levels for June decreasing from the previous month, expectations of inflation finally coming down to the Fed's benchmark level rises. Look at ETFs to capitalize. Source: Zacks Investment Research Thu, 18 Jul 2024 17:06:22 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 503.52 52 Week Low: 340.4961 Beta: 1.19 50 Day MA: 472.802 200 Day MA: 426.7953 Earnings / Revenue Trends Qtr Earnings Growth YOY: Qtr Revenue Growth YOY: Forward PE: Trailing PE: