Taking everything into account, QQD scores 6 out of 10 in our technical rating. 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
We found 2 important support 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.
When analyzing the resistance we notice one important 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
What is the ChartMill technical rating of SIMPLIFY EXCHANGE TRADED FUN (QQD) stock?
ChartMill assigns a technical rating of 6 / 10 to QQD.
What is the current trend direction of SIMPLIFY EXCHANGE TRADED FUN (QQD) stock?
The current trend direction for SIMPLIFY EXCHANGE TRADED FUN (QQD) is Bullish.
Can you provide the RSI signal for SIMPLIFY EXCHANGE TRADED FUN?
SIMPLIFY EXCHANGE TRADED FUN (QQD) has an RSI value of 60.5771. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SIMPLIFY EXCHANGE TRADED FUN?
The short term momentum for SIMPLIFY EXCHANGE TRADED FUN (QQD) is neutral.
What are the support and resistance levels for SIMPLIFY EXCHANGE TRADED FUN (QQD) stock?
SIMPLIFY EXCHANGE TRADED FUN (QQD) has a support level at 22.86 and a resistance level at 23.19. Check the full technical report for our detailed analysis of QQD support and resistance levels.