(QQQM) Invesco NASDAQ 100 - Ratings and Ratios

The Invesco NASDAQ 100 ETF (NASDAQ:QQQM) is designed to track the performance of the Nasdaq 100 Index, which includes 100 of the largest non-financial companies listed on The Nasdaq Stock Market LLC, selected based on market capitalization. The fund typically allocates at least 90% of its total assets to the securities comprising the index. The underlying index is maintained and calculated by Nasdaq, Inc., adhering to specific guidelines and procedures. As a non-diversified fund, it may have higher concentrations in certain securities compared to diversified funds. The ETF provides exposure to large-cap growth companies, primarily in the technology sector, but also includes other industries such as consumer services and healthcare. The funds structure allows it to closely replicate the performance of the Nasdaq 100 Index, offering investors a way to gain exposure to some of the most influential and innovative companies globally.

Ticker Symbol: QQQM Exchange: NASDAQ Type: etf Country Origin: USA ETF Category: Large Growth

Average Volume 20d: 2741461 Last Price: 182.86 SMA 20: 189.40 SMA 50: 200.50 SMA 200: 202.16 ATR: 6.52

AUM: 38559.89M USD

3-Month Forecast: Based on the technical and fundamental data, the Invesco NASDAQ 100 ETF (QQQM) is expected to face headwinds in the near term. The SMA 20, SMA 50, and SMA 200 are all above the current price, indicating bearish momentum. However, the ATR of 6.52 suggests moderate volatility, which could lead to potential opportunities for short-term traders. The funds large AUM of $38.559 billion underscores its liquidity and stability, but the broader market trends will likely dictate its performance over the next quarter. Support levels may be tested if the index continues to decline, while any rebound could be limited by resistance at the SMA 50 level of 200.50.