Green Day On Wednesday 25, 2024, For QQQ After Gaining 0.0927%
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On the last trading day (Wednesday, September 25th, 2024), the QQQ ETF edged up by 0.0927%, increasing from $485.37 to $485.82, marking its third consecutive day of gains.
It remains to be seen whether this upward trend will continue or pause in the coming days.
During the session, the ETF fluctuated by 0.667%, ranging from a low of $484.56 to a high of $487.79. Over the past two weeks, the price has increased in 7 out of the last 10 days, gaining 3.67%.
Trading volume dipped by 96,000 shares, with a total of 26 million shares traded, equating to roughly $12.41 billion. Lower volume amid rising prices can sometimes signal a divergence, potentially suggesting a shift in momentum in the near future.
Currently, the ETF is near the upper boundary of a wide, short-term declining trend, which could present a selling opportunity for short-term traders as the price might retreat toward the lower end of the trend.
If the price breaks above $491.93 resistance, it could signal a slower rate of decline and may be the first sign of a potential trend reversal.
