Trading Signals: QQQ Stock Price Prediction and Forecast

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Fri. May. 10, 2024

Trading Signals: QQQ Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Mon. Jun. 3, 2024)

(PowerShares QQQ ETF)
QQQ latest price $442.2900 (0.34%) ($442.2900 - $442.2900) on Fri. May. 10, 2024.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.08% (three month average)
RSI   74
Latest Price   $442.2900(0.34%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   QQQ advances 0.3% a day on average for past five trading days.
Weekly Trend   QQQ advances 1.9% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support QQQ advance at 0% a week (0% probability)
IVW(94%)    SPY(84%)    SMH(79%)    IWO(68%)    IWM(55%)
Factors Impacting QQQ price   QQQ will decline at least -0.54% in a week (0% probabilities).
VXX(-66%)    VIXM(-58%)    UUP(-46%)    XLE(16%)    GDXJ(21%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.54% (StdDev 1.08%)
Hourly BBV 1.2 ()
Intraday Trend 0%

5 Day Moving Average   $440.68(0.37%)
10 Day Moving Average   $434.87(1.71%)
20 Day Moving Average   $430.26(2.8%)
To recent high   -1%
To recent low   6.6%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   1.5
One Month Target Price   > $460.87
(if BBV positive, VIX trend negative.)
Correction Price   < $435.98

Fed Fund Rate   % ()
Yield Curve    (0)
Credit Spread    (0)

$. The price is -1% to new high. In the past, the price will move at least 10% above the recent low once it hits new high. Now it's 4.2% away from the target price of 460.87.
$. QQQ price fluctuates within 1.81% (three month std-dev: 1.08%) daily (68% of days).

Sample size 4 Average positive next day return: 1%(75%) Average negative next day return: -0.03%(25%) Sample size 4 Average positive next three day return: 1.95%(100%) Average negative next three day return: %(0%) Sample size 4 Average positive next weekly return: 2.13%(100%) Average negative next weekly return: 0%(0%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20240604

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	May_10_2024	429.31	430.26	434.87	440.68	440.9	441.55	442.29(0.34%)	UT	OpenLong	75	0.2	91	10	76	134	23.96	52%	0.08	7.2	1.08%	1.2	1.5	74	1
2	May_9_2024	428.95	429.94	433.72	439.29	440.28	440.41	440.8(0.18%)	UT	OpenLong	75	0.2	76	10	56	137	22.02	54%	0.09	0.5	1.09%	0.7	1.3	75	1
3	May_8_2024	428.56	430.03	432.04	436.4	438.92	440.26	440.02(-0.11%)	UD	OpenLong	75	0.5	120	40	113	142	21.77	54%	0.08	-3.8	1.1%	0.2	1.3	63	1
4	May_7_2024	428.23	429.86	430.67	432.92	435.5	440.15	440.5(0.16%)	UT	OpenLong	75	0.9	233	90	252	174	27.87	55%	0.08	-17.6	1.1%	0.9	1.3	59	0.9
5	May_6_2024	427.89	429.78	429.07	429.75	431.03	437.58	439.79(1.02%)	UT	OpenLong	75	1.3	364	120	415	211	26.09	55%	0.08	-28.9	1.1%	1.1	1.2	54	1.2

6	May_3_2024	427.53	429.7	426.9	428.32	427.24	430.85	435.36(2.12%)	UT	OpenLong	75	0.9	272	50	314	146	42.67	55%	0.08	-36.5	1.09%	1.4	0.7	52	0.6
7	May_2_2024	427.19	429.9	424.85	427.55	426.55	424.49	426.34(0.88%)	N/A	N/A	0	-0.1	2	-40	6	-10	31.44	55%	0.06	-41.3	1.07%	0.5	-0.4	40	-0
8	May_1_2024	426.95	430.34	424.52	427.07	427.85	423.62	422.63(-0.47%)	DT	OpenShort	-75	-0.5	-216	-60	-242	-139	45.23	56%	0.06	-47.2	1.09%	-0.2	-0.9	32	-0.2
9	Apr_30_2024	426.7	431.3	424.93	427.91	428.17	428.62	424.63(-1.85%)	DT	OpenShort	-75	-0.4	-158	10	-171	-118	41.7	53%	0.07	-45.1	1.11%	-2.2	-0.8	40	-0.5
10	Apr_29_2024	426.4	432.12	425.61	428.03	428.74	432.07	432.64(0.26%)	UT	OpenLong	75	0.5	208	60	263	44	26.92	57%	0.1	-45.8	1.09%	0.6	0.1	42	0.1

11	Apr_26_2024	425.98	432.68	425.31	425.17	426.88	427.72	431.51(1.78%)	RB	SmallLong	20	0.7	155	30	210	-9	36.66	57%	0.1	-54.9	1.1%	1.3	-0.1	42	-0.1
12	Apr_25_2024	425.55	433.29	425.77	421.81	423.58	425.4	423.94(-0.68%)	N/A	N/A	0	0.2	1	40	38	-109	47.84	55%	0.09	-63.8	1.08%	-0	-1	35	-1
13	Apr_24_2024	425.15	434.32	427.77	421.63	421.18	426.04	426.86(0.39%)	RB	SmallLong	20	0.6	162	80	225	-26	40.33	55%	0.1	-64.3	1.08%	0.8	-0.8	44	-0.3
14	Apr_23_2024	424.73	435.14	428.86	421.62	420.23	421.76	425.21(1.65%)	RB	SmallLong	20	0.4	169	20	235	-28	36.79	55%	0.09	-63.2	1.08%	1.5	-1.1	38	-0.5
15	Apr_22_2024	424.33	436.14	430.41	422.99	420.63	416.32	418.31(0.87%)	DP	OpenShort	-75	-0.5	-217	-90	-221	-204	42.76	53%	0.07	-56.9	1.06%	-0.1	-2	33	-1.1

16	Apr_19_2024	424.03	437.61	432.68	425.56	424.06	418.7	414.72(-1.97%)	DT	OpenShort	-75	-1.3	-399	-100	-438	-281	71.67	55%	0.06	-47.9	1.05%	-1.9	-2.8	27	-2.3
17	Apr_18_2024	423.76	439.28	435.47	430.22	428.26	424.94	423.07(-0.87%)	DT	OpenShort	-75	-1.1	-310	-70	-341	-215	41.12	60%	0.08	-36.9	1.05%	-1.5	-2.5	31	-1.6
18	Apr_17_2024	423.41	440.37	436.85	434.75	432.01	429.43	426.8(-1.22%)	DT	OpenShort	-75	-1.5	-224	-60	-247	-156	49.25	60%	0.09	-19.7	1.06%	-1.4	-2.5	34	-2
19	Apr_16_2024	423.03	441.05	438.45	437.1	436.77	431.59	432.06(0.22%)	DP	OpenShort	-75	-1.2	-178	-90	-197	-122	42.96	62%	0.11	-14.1	1.05%	-0.8	-2.1	39	-2.2
20	Apr_15_2024	422.58	441.39	439.41	438.96	438.39	434.59	431.13(-1.58%)	DT	OpenShort	-75	-2	-376	-60	-432	-208	55.41	62%	0.1	-2.2	1.05%	-2.2	-2.6	36	-3

21	Apr_12_2024	422.15	441.64	440.87	440.83	440.96	441.95	438.06(-1.71%)	DT	OpenShort	-75	-0.8	-33	20	-32	-37	45.88	64%	0.04	4.9	1.04%	-0.8	-1	39	-2.8
22	Apr_11_2024	421.98	441.71	441.52	441.46	441.56	442.19	445.69(1.63%)	UT	OpenLong	75	1.2	125	10	154	38	41.15	67%	0.14	1.2	1.01%	2.4	1.1	48	1
23	Apr_10_2024	421.4	441.41	441.33	439.37	440.4	439.97	438.54(-0.65%)	DT	OpenShort	-75	-0.2	-33	0	-27	-49	55.92	66%	0.13	-13.9	0.99%	-1	-0.8	43	-0.4
24	Apr_9_2024	420.87	441.67	441.82	440.06	439.57	440.93	441.4(0.21%)	DP	OpenShort	-65	0.4	-6	20	1	-28	34.89	66%	0.13	1.3	0.99%	-0.3	-0.1	56	-0.3
25	Apr_8_2024	420.33	441.48	442.15	440.01	439.72	440.83	440.47(-0.16%)	UD	OpenLong	75	0.1	99	20	122	29	24.47	68%		-8.6	0.99%	-0.3	-0.3	57	-0.3
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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