Score 9.4 (out of 10): INVESCO QQQ TRUST poised to seasonally rally by +4.5% during the next 30 days

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What’s Going On Here?

INVESCO QQQ TRUST indicates an interesting 30 days seasonal set up. During similar occasions, INVESCO QQQ TRUST shares had a median return of +4.5% – based on 9 historical occasions with 9 of those showing positive returns (100%). This buy signal for INVESCO QQQ TRUST received a high score of 9.4 (out of 10). This insight was generated with last price of 362.54.

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.

Previous Signal Returns:

5.1% (July-2022), 5.6% (July-2021), 8.5% (July-2020), 3.7% (July-2019), 4.3% (July-2018), 2.9% (July-2017), 5.8% (July-2016), 1.5% (July-2015), 4.7% (July-2014)

We found 30 days 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 378.92 (+4.5%) 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 355.34 (last price at 362.54), which is equivalent to a -2% decline.

Historical Chart:

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