NYSEARCA:CQQQ - US46138E8003 - ETF
We assign a technical rating of 10 out of 10 to CQQQ. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CQQQ is showing a nice and steady performance.
Although CQQQ has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
35.23
We found 5 important support areas.
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 | 90.71 | POSITIVE | CQQQ has a high relative strength, it outperformed 90.71% 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) | 73.08 | OVERBOUGHT | The high RSI value suggests CQQQ may be overbought. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests CQQQ has a positive trend. |
Stochastics (14,3) | 92.77 | OVERBOUGHT | The high Stochastics value suggests CQQQ may be overbought. |
Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for CQQQ suggests low volalility. |
Average Directional Index/ADX (14) | 26.11 | POSITIVE | The high ADX value value for CQQQ suggests a strong trend. |
52.31
+2.94 (+5.96%)