PROSHARES NDX HIGH INCOM ETF (IQQQ) Stock Technical Analysis
USA - NASDAQ:IQQQ - US74347G2342 - ETF
Overall IQQQ gets a technical rating of 7 out of 10. 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.
Although IQQQ has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
40.47
We found 2 important support areas.
- A support zone ranging from 43.57 to 44.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.88 to 40.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 44.69 to 46.68. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for IQQQ is neutral. |
| ChartMill Relative Strength | 59.1 | NEUTRAL | IQQQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IQQQ is below 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) | 47.25 | NEUTRAL | The RSI value for IQQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests IQQQ has a negative trend. |
| Stochastics (14,3) | 40.65 | NEUTRAL | The Stochastics value for IQQQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for IQQQ suggests low volalility. |
| Average Directional Index/ADX (14) | 18.2 | NEGATIVE | The low ADX value for IQQQ suggests a weak or negative trend. |
44.644
-0.19 (-0.41%)
PROSHARES NDX HIGH INCOM ETF / IQQQ FAQ
Can you provide the ChartMill technical rating for PROSHARES NDX HIGH INCOM ETF?
ChartMill assigns a technical rating of 7 / 10 to IQQQ.
What is the trend direction for IQQQ stock?
The current trend direction for PROSHARES NDX HIGH INCOM ETF (IQQQ) is Bullish.
What is the RSI signal for PROSHARES NDX HIGH INCOM ETF (IQQQ) stock?
PROSHARES NDX HIGH INCOM ETF (IQQQ) has an RSI value of 47.2523. This indicates that the stock is currently neutral.
What is the MACD signal for IQQQ stock?
The MACD indicator for PROSHARES NDX HIGH INCOM ETF (IQQQ) has a value of -0.153477, indicating a bearish trend.
What are the support and resistance levels for PROSHARES NDX HIGH INCOM ETF (IQQQ) stock?
PROSHARES NDX HIGH INCOM ETF (IQQQ) has a support level at 44.09 and a resistance level at 44.69. Check the full technical report for our detailed analysis of IQQQ support and resistance levels.