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ThecoinrepublicMarketInvesco QQQ Trust Stock Price Analysis: Is QQQ...
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Invesco QQQ Trust Stock Price Analysis: Is QQQ Stock Price Aiming For $400?

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  • Invesco QQQ has outperformed the S&P 500 in the last quarter by 0.42% and is ready to do the same in next
  • Technical indicators of QQQ stock price are favoring the upside move. It is currently trading near the value of $283

Invesco QQQ Trust series is an exchange traded fund which was launched by Invesco Ltd. They invest in equity market across the globe. They seek to track the performance of Nasdaq 100 index using full replication technique. In the previous quarter QQQ ETF has returned -4.46% which is 0.42% more from S&P 500. QQQ funds has a large exposure to consumer directory sector and has a less exposure to Health Care sector. This might be one of the main main factors behind the low performance of QQQ trust fund. Various analysts are expecting a strong growth in upcoming quarter by QQQ trust fund.

Invesco QQQ trust has a total asset of 151.4 Billion with a PE ratio of 3.76. QQQ stock price is currently 40% away from its 52 week high but can soon cross above it.

Bulls Of QQQ Stock Price Are Gearing Up For Marathon

Source: TradingVIew

The weekly technical chart of QQQ stock price suggests a weak upside trend for the future. On coming to the daily chart the asset price has seen a gain of 1.18% and is currently trading near the value of $283. The upside momentum of QQQ can see a halt near the value of $300. Meanwhile a bounceback can be expected from $200. The asset price is currently trading below the 100 and above 50 Daily Moving Average. If the QQQ stock price crosses above 100 DMA then a strong upside trend in price can be seen.

Conclusion

Invesco QQQ fund has given great returns to their investors in past and can do the same in future. QQQ stock price is currently in a weak upside trend but can move to a new high in the future. 

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Andrew Smith
Andrew Smith
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
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