SIMPLIFY EXCHANGE TRADED FUN (QQC) Technical Analysis
NASDAQ:QQC • US82889N4007
Current stock price
QQC Technical Rating and Analysis
Taking everything into account, QQC 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, QQC is only an average performer.
- 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 gets the benefit of the doubt for now.
- Looking at the yearly performance, QQC did better than 73% of all other 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 Weekly and Daily overview Charts
QQC Setup Rating and Analysis
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
QQC Support and Resistance Analysis
21.76
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.
QQC 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 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. |
QQC Chart- and CandleStick Pattern Analysis
QQC Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:QQC (4/28/2023, 8:00:01 PM)
24.46
+0.15 (+0.63%)
SIMPLIFY EXCHANGE TRADED FUN / QQC TA FAQ
What is the ChartMill technical rating of SIMPLIFY EXCHANGE TRADED FUN (QQC) stock?
ChartMill assigns a technical rating of 7 / 10 to QQC.
What is the current trend direction of SIMPLIFY EXCHANGE TRADED FUN (QQC) stock?
The current trend direction for SIMPLIFY EXCHANGE TRADED FUN (QQC) is Bullish.
Can you provide the RSI signal for SIMPLIFY EXCHANGE TRADED FUN?
SIMPLIFY EXCHANGE TRADED FUN (QQC) has an RSI value of 61.0075. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SIMPLIFY EXCHANGE TRADED FUN?
The MACD indicator for SIMPLIFY EXCHANGE TRADED FUN (QQC) has a value of -0.0345794, indicating a bearish trend.
What is the short term momentum for QQC stock?
The short term momentum for SIMPLIFY EXCHANGE TRADED FUN (QQC) is neutral.