PROSHARES NDX HIGH INCOM ETF (IQQQ) Stock Technical Analysis
USA - NASDAQ:IQQQ - US74347G2342 - ETF
43.01 USD
+0.23 (+0.54%)
43.1 USD
+0.09 (+0.21%)
Taking everything into account, IQQQ scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IQQQ is only an average performer.
The long and short term trends are both positive. This is looking good!
IQQQ 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 IQQQ is lagging the market slightly.
When comparing the performance of all stocks over the past year, IQQQ turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
In the last month IQQQ has a been trading in a tight range between 40.97 and 43.10.
Considerably lower volume is observed in the last couple of days.
IQQQ has an excellent technical rating, but the quality of the setup is only medium 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
40.47
45.45
We found 1 important support area.
- A support zone ranging from 40.88 to 42.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 43.61 to 43.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 44.49 to 45.00. 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 IQQQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IQQQ is up. |
| ChartMill Relative Strength | 56.96 | NEUTRAL | IQQQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IQQQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IQQQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IQQQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.56 | NEUTRAL | The RSI value for IQQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests IQQQ has a positive trend. |
| Stochastics (14,3) | 92.44 | OVERBOUGHT | The high Stochastics value suggests IQQQ may be overbought. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for IQQQ suggests low volalility. |
| Average Directional Index/ADX (14) | 16.49 | NEGATIVE | The low ADX value for IQQQ suggests a weak or negative 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)
43.01
+0.23 (+0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.54%
1 Week1.82%
2 Weeks1.29%
1 Month0.98%
3 Month10.37%
6 Month8.04%
12 Month5.99%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%1.03%
ATR Inc-30.5%
Range Today0.29
ADR(20)0.39
ADR(20)%0.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.96
Mansfield-0.55
10 Day High43.1
10 Day Low40.97
20 Day High43.1
20 Day Low40.97
52 Week High45.21
52 Week Low33
CS1 End42.59
CR1 Start43.61
Volume & EV
DER(3)2.32%
DER(5)1.8%
Volume37.70K
Volume Incr-26.85%
Vol(5)38.81K
Vol(50)61.38K