QQQ
- QQQ Long above 367.91 Short below 366.44 After the Friday trading session, the QQQ ETF has been downgraded from a Buy Candidate to Hold/Accumulate. On the last day, the ETF's price decreased by -0.332%, dropping from $367.46 to $366.24, marking three consecutive days of decline. Throughout the trading day, the ETF fluctuated by 1.22%, reaching a low of $366.01 and a high of $370.47. While the price has fallen in 6 out of the last 10 days, it still shows a slight increase of 0.02% over the past 2 weeks. The decrease in volume aligns with the ETF's decline, which is considered a positive sign as volume should typically follow the ETF. On the last day, the trading volume dropped by 4 million shares, with a total of 45 million shares bought and sold, totaling approximately $16.52 billion. Currently, the ETF is positioned within a narrow and strong upward trend in the short term, indicating the potential for further growth within this trend. Based on the current short-term trend, it is expected that the ETF will rise by 21.52% over the next 3 months. There is a 90% probability that the ETF will reach a price range between $440.86 and $453.92 at the end of this 3-month period.