INVESCO CHINA TECHNOLOGY ETF (CQQQ) Stock Technical Analysis
NYSEARCA:CQQQ - NYSE Arca - US46138E8003 - ETF - Currency: USD
Taking everything into account, CQQQ scores 10 out of 10 in our technical rating. CQQQ has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that CQQQ is one of the better performing stocks in the market, outperforming 82% of all stocks. We also observe that the gains produced by CQQQ over the past year are nicely spread over this period.
CQQQ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CQQQ is lagging the market slightly.
In the last month CQQQ has a been trading in the 43.04 - 47.80 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although CQQQ has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
34.96
47.99
We found 6 important support areas.
- A support zone ranging from 45.19 to 45.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @42.99 from a trend line in the weekly time frame.
- Support @40.63 from a horizontal line in the daily time frame.
- Support @39.94 from a horizontal line in the weekly time frame.
- Support @36.74 from a horizontal line in the daily time frame.
- Support @35.31 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 46.85 to 47.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | UP | POSITIVE | The short term trend for CQQQ is up. |
| ChartMill Relative Strength | 82.58 | POSITIVE | CQQQ has a high relative strength, it outperformed 82.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CQQQ is above the rising 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) | 57.29 | NEUTRAL | The RSI value for CQQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CQQQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.05 | NEUTRAL | The Stochastics value for CQQQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for CQQQ suggests low volalility. |
| Average Directional Index/ADX (14) | 24.94 | NEUTRAL | The ADX value for CQQQ suggests a possible start of a new trend. |
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)
46.18
-1.02 (-2.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.16%
1 Week-2.66%
2 Weeks1.79%
1 Month4.5%
3 Month5.75%
6 Month12.96%
12 Month42.4%
2 Year5.29%
3 Year2.46%
5 Year-33.22%
10 Year34.21%
15 Year81.03%
Volatility
ATR(14)0.69
ATR(20)%1.52%
ATR Inc23.19%
Range Today0.64
ADR(20)0.47
ADR(20)%1.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.58
Mansfield0.28
10 Day High47.8
10 Day Low45.54
20 Day High47.8
20 Day Low43.04
52 Week High50.98
52 Week Low30.5
CS1 End45.51
CR1 Start46.85
Volume & EV
DER(3)-7.59%
DER(5)-5.73%
Volume930.55K
Volume Incr31.98%
Vol(5)750.28K
Vol(50)461.16K