Score 9.3 (out of 10): INVESCO QQQ TRUST sets up for +5.8% rally in 2 months

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What’s Going On Here?

INVESCO QQQ TRUST has triggered a new volatility signal (1 month). During similar occasions, INVESCO QQQ TRUST shares had a median return of +5.8%, over the following 2 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for INVESCO QQQ TRUST received a high score of 9.3 (out of 10). This insight was generated on 2023-May-5 with last price of 316.17.

INVESCO QQQ TRUST is in the Sector Fund-Technology business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: QQQ US.

Historical Chart:

5.5% (March-2023), 5.2% (December-2022), 4.6% (August-2021), 6.1% (June-2021), 6.8% (April-2021), 11% (November-2020), 9.1% (October-2019), -1.5% (June-2019), 2% (March-2019), 8.1% (January-2019).

We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 334.53 (+5.8%) has been reached. Based on INVESCO QQQ TRUST’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 309.97 (last price at 316.17), which is equivalent to a -2% decline.

Historical Chart:

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