We assign a technical rating of 6 out of 10 to QQD. Although QQD is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
QQD has an average technical rating and it also does not offer a high 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.
More info and screens
20.73
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.17 to 22.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.94 to 20.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 23.19 to 23.36. 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 QQD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QQD is neutral. |
| ChartMill Relative Strength | 65.95 | NEUTRAL | QQD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QQD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QQD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QQD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.58 | NEUTRAL | The RSI value for QQD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests QQD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 71.16 | NEUTRAL | The Stochastics value for QQD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.88 | LOW VOLATILITY | The low ATR as a percentage value for QQD suggests low volalility. |
| Average Directional Index/ADX (14) | 19.7 | NEGATIVE | The low ADX value for QQD suggests a weak or negative trend. |
NASDAQ:QQD (4/28/2023, 8:00:01 PM)
23.18
+0.12 (+0.54%)
SIMPLIFY EXCHANGE TRADED FUN / QQD FAQ
Can you provide the ChartMill technical rating for SIMPLIFY EXCHANGE TRADED FUN?
ChartMill assigns a technical rating of 6 / 10 to QQD.
Can you provide the trend direction for SIMPLIFY EXCHANGE TRADED FUN?
The current trend direction for SIMPLIFY EXCHANGE TRADED FUN (QQD) is Bullish.
What is the RSI signal for QQD stock?
SIMPLIFY EXCHANGE TRADED FUN (QQD) has an RSI value of 60.5771. This indicates that the stock is currently neutral.
What is the short term momentum for QQD stock?
The short term momentum for SIMPLIFY EXCHANGE TRADED FUN (QQD) is neutral.