QQQ Gains 0.751% On September 26, 2024
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The QQQ ETF experienced a price increase of 0.751% on Thursday, September 26, 2024, closing at $489.47. This marks the fourth consecutive day of price increases for the ETF.
Throughout the day, the ETF’s price fluctuated within a range of 1.63%, reaching a low of $485.80 and a high of $493.70.
Over the past two weeks, the ETF has shown a cumulative gain of 3.43%, with seven of the 10 trading days ending in price increases.
This rise was accompanied by a significant increase in trading volume on Thursday, with approximately 31 million shares traded.
The ETF is currently positioned within the upper section of a short-term downward trend. This suggests that a price correction towards the lower end of the trend may be imminent.
Based on the current short-term trend, the ETF is projected to fall by 2.46% over the next three months.
There is a 90% probability that its price will remain within the range of $417.33 to $479.99 by the end of this period.
This projection reflects both the potential for a decline and the likelihood of fluctuations within this price range over the upcoming quarter.
