AIQ Stock Summary and Trading Ideas (Global X Future Analytics Tech ETF | NASDAQ:AIQ)

The Global X Future Analytics Tech ETF (AIQ) seeks to invest in companies that potentially stand to benefit from the further development and utilization of artificial intelligence (AI) technology in their products and services, as well as in companies that provide hardware facilitating the use of AI for the analysis of big data. The Underlying Index is designed to provide exposure to exchange-listed companies that are positioned to benefit from the further development and utilization of artificial intelligence technology in their products and services, as well as to companies that provide hardware which facilitates the use of artificial intelligence for the analysis of big data (collectively, Artificial Intelligence & Big Data Companies ), as defined by Indxx, the provider of the Underlying Index.

Global X Future Analytics Tech ETF trades on the NASDAQ stock market under the symbol AIQ.

As of April 22, 2024, AIQ stock price climbed to $31.78 with 588,449 million shares trading.

AIQ has a beta of 1.47, meaning it tends to be more sensitive to market movements. AIQ has a correlation of 0.81 to the broad based SPY ETF.

AIQ has a market cap of $1.64 billion. This is considered a Small Cap stock.

In the last 3 years, AIQ stock traded as high as $34.52 and as low as $18.01.

AIQ has outperformed the market in the last year with a return of +34.2%, while the SPY ETF gained +22.9%. However, in the most recent history, AIQ shares have underperformed the stock market with its stock returning +1.1% in the last 3 month period and -6.3% for the last 2 week period, while SPY has returned +3.7% and -3.7%, respectively.

AIQ support price is $31.06 and resistance is $31.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AIQ stock will trade within this expected range on the day.