AIQ eyes on $37: Double Fib resistance to Break or Reject AIQ recovering nicely after AI demand show to continue.
Currently testing a double fib resistance at $36.99-37.01
Looking for a Brean-n-Retest or if dips to $35.20-35.24
Key stats
About Global X Artificial Intelligence & Technology ETF
Home page
Inception date
May 11, 2018
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
AIQ is passively managed to invest in developed market companies that are involved in the use of artificial intelligence to analyze big data, whether for their own operations, as a service to other companies, or through the production of related hardware. The fund determines this classification based on a composite analysis of public filings, products and services, official company statements, and other information regarding direct involvement in the artificial intelligence and big data categories. AIQs constituents are market cap weighted with a semi-annual re-weighting and are reconstituted annually.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stock breakdown by region
Top 10 holdings
AIQ ETF: Artificial Intelligence - Is The New One Bitcoin!?Everyone was talking about ChatGPT in the last quarter.
Investors were trading on a rush. Thanks to launch of the bot, well-known stocks, such as NVIDIA shares, have shown the highest profitability among all stocks - components of the S&P500 and Nasdaq-100 indices since the beginning of the
AI Q Artificial Intelligence ETF under performs TSLA NVDA APPLIt doesn't take ChatGPT to realize that a big ETF like this is a certain laggard in comparison to the top 10 blue chips that make it up
AIQ: Double topDouble Top
Pros:
Descending volume during formation
PPS above 50MA
R/R ratio above 7
RS descending but still above 0
ATR flat
Cons:
250RSI above 50
200MA ascending
PPS above 200MA
If confirmed:
PT = 19,40$
$AIQ I'm gonna go with a bearish rising wedge on this one.Looks like a drop is coming on this one, that trend line is very steep.
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.