DIREXION DY QCOM BEAR 1X ETF (QCMD) Stock Technical Analysis
NASDAQ:QCMD - Nasdaq - US25461A2548 - ETF - Currency: USD
Overall QCMD gets a technical rating of 3 out of 10. QCMD performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of QCMD is bad and it also does not present a quality setup 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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23.86
When analyzing the support we notice one important area.
- Support @24.10 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 26.17 to 26.75. 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 QCMD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QCMD is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | QCMD has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QCMD is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 43.32 | NEUTRAL | The RSI value for QCMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.77 | NEGATIVE | The MACD value suggests QCMD has a negative trend. |
| Stochastics (14,3) | 51.15 | NEUTRAL | The Stochastics value for QCMD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for QCMD suggests some volalility. |
| Average Directional Index/ADX (14) | 22.99 | NEUTRAL | The ADX value for QCMD suggests a possible start of a new trend. |
NASDAQ:QCMD (8/13/2025, 4:30:01 PM)
24.8157
-0.47 (-1.88%)