INVESCO QQQ INCOME ADV ETF (QQA) Technical Analysis
NASDAQ:QQA • US46090A6890
Current stock price
QQA Technical Rating and Analysis
Taking everything into account, QQA 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, QQA is only an average performer.
- The long and short term trends are both positive. This is looking good!
- QQA 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 QQA is lagging the market slightly.
- In the last month QQA has a been trading in the 48.20 - 54.03 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, QQA turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
QQA Weekly and Daily overview Charts
QQA Setup Rating and Analysis
QQA 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
QQA Support and Resistance Analysis
47.93
3 important support areas can be observed.
- A support zone ranging from 53.14 to 53.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 50.96 to 52.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.41 to 49.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 54.16 to 54.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
QQA Technical Indicator Signal Analysis
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 QQA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QQA is up. |
| ChartMill Relative Strength | 56.63 | NEUTRAL | QQA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QQA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QQA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QQA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.1 | NEUTRAL | The RSI value for QQA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests QQA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.19 | OVERBOUGHT | The high Stochastics value suggests QQA may be overbought. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for QQA suggests low volalility. |
| Average Directional Index/ADX (14) | 22.04 | NEUTRAL | The ADX value for QQA suggests a possible start of a new trend. |
QQA Chart- and CandleStick Pattern Analysis
QQA Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 54.36 | 53.13 | 1.23 (2.26%) | 25.00% |
| An entry @54.36. This is a Buy Stop order right above the resistance zone. | An exit @53.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.23 points, which is 2.26%. | For a 0.57% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
QQA Technicals: Chart, Performance Metrics, Trend & Indicators
53.86
+0.56 (+1.05%)
INVESCO QQQ INCOME ADV ETF / QQA TA FAQ
What is the technical rating for QQA stock?
ChartMill assigns a technical rating of 7 / 10 to QQA.
What is the trend direction for QQA stock?
The current trend direction for INVESCO QQQ INCOME ADV ETF (QQA) is Bullish.
What is the RSI signal for QQA stock?
INVESCO QQQ INCOME ADV ETF (QQA) has an RSI value of 65.0972. This indicates that the stock is currently neutral.
What is the buy/sell signal for QQA stock?
The buy/sell signal for INVESCO QQQ INCOME ADV ETF (QQA) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for INVESCO QQQ INCOME ADV ETF (QQA) stock?
INVESCO QQQ INCOME ADV ETF (QQA) has a support level at 53.64 and a resistance level at 54.16. Check the full technical report for our detailed analysis of QQA support and resistance levels.