Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.


INVESCO NASDAQ 100 ETF

Nasdaq

Technical Rating and Analysis

10

Taking everything into account, QQQM scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, QQQM has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, QQQM did better than 83% of all other stocks. We also observe that the gains produced by QQQM over the past year are nicely spread over this period.
QQQM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
QQQM has an average volume of 1888950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month QQQM has a been trading in a tight range between 178.16 and 184.88.
Weekly and Daily overview Charts
QQQM Weekly chart
QQQM Daily chart
Setup Rating and Analysis

9

Besides having an excellent technical rating, QQQM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 183.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 181.79, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

157.16

185.44

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 181.66 to 181.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 175.18 to 178.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @171.61 from a horizontal line in the daily time frame.
  • Support @158.75 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 183.48 to 183.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.5
Mansfield0.15
10 Day High184.88
10 Day Low178.16
20 Day High184.88
20 Day Low178.16
52 Week High184.88
52 Week Low127.47
Performance
1 Week0.26%
2 Weeks1.01%
1 Month2.17%
3 Month8.62%
6 Month24.19%
12 Month38.68%
2 Year22.89%
3 Year39.51%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.05
RSI(14)57.68
LBB178.66
UBB184.57
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
183.61181.651.96 (1.07%)25.00%
An entry @183.61. This is a Buy Stop order right above the resistance zone.An exit @181.65. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 1.96 points, which is 1.07%.For a 0.27% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of QQQM. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.