SIMPLIFY EXCHANGE TRADED FUN (QQC) Stock Technical Analysis
NASDAQ:QQC - Nasdaq - US82889N4007 - ETF - Currency: USD
Taking everything into account, QQC scores 7 out of 10 in our technical rating. Although QQC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: QQC has an average volume of 1242 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that QQC is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
QQC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so QQC is lagging the market.
In the last month QQC has a been trading in a tight range between 23.52 and 24.48.
Volume is considerably higher in the last couple of days.
QQC 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
21.76
24.71
3 important support areas can be observed.
- A support zone ranging from 24.06 to 24.43. 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 23.25 to 23.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.98 to 21.98. 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 24.47 to 24.47. 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 QQC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QQC is neutral. |
| ChartMill Relative Strength | 73.63 | POSITIVE | QQC has a high relative strength, it outperformed 73.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QQC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QQC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QQC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.01 | NEUTRAL | The RSI value for QQC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests QQC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.64 | NEUTRAL | The Stochastics value for QQC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.01 | LOW VOLATILITY | The low ATR as a percentage value for QQC suggests low volalility. |
| Average Directional Index/ADX (14) | 14.03 | NEGATIVE | The low ADX value for QQC 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)
NASDAQ:QQC (4/28/2023, 8:00:01 PM)
24.46
+0.15 (+0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.63%
1 Week1.81%
2 Weeks1.1%
1 Month1.96%
3 Month7.9%
6 Month10.18%
12 Month-5.24%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%1.01%
ATR Inc93.93%
Range Today0.11
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.63
Mansfield0.05
10 Day High24.48
10 Day Low23.52
20 Day High24.48
20 Day Low23.52
52 Week High26.95
52 Week Low19.76
CS1 End24.43
CR1 Start24.47
Volume & EV
DER(3)0.32%
DER(5)0.19%
Volume1.60K
Volume Incr244.9%
Vol(5)3.38K
Vol(50)1.24K