INVESCO CHINA TECHNOLOGY ETF (CQQQ) Stock Technical Analysis
USA - NYSEARCA:CQQQ - US46138E8003 - ETF
Taking everything into account, CQQQ scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although CQQQ has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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44.28
When analyzing the support we can see 4 important areas.
- A support zone ranging from 54.26 to 55.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.29 from a trend line in the daily time frame.
- Support @46.13 from a trend line in the weekly time frame.
- Support @44.73 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 60.25 to 60.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CQQQ is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CQQQ is down. |
| ChartMill Relative Strength | 84.97 | POSITIVE | CQQQ has a high relative strength, it outperformed 84.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CQQQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CQQQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CQQQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.02 | NEUTRAL | The RSI value for CQQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests CQQQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.18 | OVERSOLD | The low Stochastics value suggests CQQQ may be oversold. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for CQQQ suggests some volalility. |
| Average Directional Index/ADX (14) | 30.87 | POSITIVE | The high ADX value value for CQQQ suggests a strong trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 58.01 | 54.25 | 3.76 (6.48%) | 15.43% |
| An entry @58.01. This is a Buy Stop order right above the 10 day high. | An exit @54.25. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.76 points, which is 6.48%. | When investing 15.43% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
55.22
+0.6 (+1.1%)
INVESCO CHINA TECHNOLOGY ETF / CQQQ FAQ
What is the technical rating for CQQQ stock?
ChartMill assigns a technical rating of 8 / 10 to CQQQ.
What is the trend direction for CQQQ stock?
The current trend direction for INVESCO CHINA TECHNOLOGY ETF (CQQQ) is Bullish.
Can you provide the RSI signal for INVESCO CHINA TECHNOLOGY ETF?
INVESCO CHINA TECHNOLOGY ETF (CQQQ) has an RSI value of 47.0218. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INVESCO CHINA TECHNOLOGY ETF?
The short term momentum for INVESCO CHINA TECHNOLOGY ETF (CQQQ) is negative.
Can you provide the support and resistance levels for INVESCO CHINA TECHNOLOGY ETF?
INVESCO CHINA TECHNOLOGY ETF (CQQQ) has a support level at 55.09 and a resistance level at 60.25. Check the full technical report for our detailed analysis of CQQQ support and resistance levels.