GBL X ENHANCE NASDAQ-100 ETF (QQCL.CA) Stock Technical Analysis
TSX:QQCL - Toronto Stock Exchange - CA37962X1050 - ETF - Currency: CAD
We assign a technical rating of 5 out of 10 to QQCL. In the past year, QQCL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
QQCL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.59, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.31
2 important support areas can be observed.
- A support zone ranging from 21.92 to 22.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.50 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 22.82 to 23.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @23.61 from a horizontal line in the daily time frame.
- Resistance @26.17 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for QQCL.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QQCL.CA is up. |
| ChartMill Relative Strength | 33.71 | NEUTRAL | QQCL.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QQCL.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QQCL.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of QQCL.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.56 | NEUTRAL | The RSI value for QQCL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests QQCL.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.79 | NEUTRAL | The Stochastics value for QQCL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for QQCL.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 6.97 | NEGATIVE | The low ADX value for QQCL.CA suggests a weak or negative trend. |
TSX:QQCL (6/23/2025, 7:00:00 PM)
22.81
+0.19 (+0.84%)