INVESCO ESG NASDAQ 100 (QQMG) Stock Technical Analysis
USA - NASDAQ:QQMG - US46138G5403 - ETF
40.6519 USD
-1.44 (-3.43%)
40.62 USD
-0.03 (-0.08%)
Overall QQMG gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, QQMG is only an average performer.
Warning: QQMG has an average volume of 18432 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!
QQMG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the yearly performance of all stocks, we notice that QQMG is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month QQMG has a been trading in a tight range between 40.03 and 42.27.
Although QQMG has an excellent technical rating, it 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
27.98
42.63
We found 3 important support areas.
- A support zone ranging from 39.62 to 40.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.03 from a horizontal line in the daily time frame.
- Support @28.26 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 40.84 to 42.21. This zone is formed by a combination of multiple trend lines and important moving averages 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 QQMG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QQMG is neutral. |
| ChartMill Relative Strength | 77.75 | POSITIVE | QQMG has a high relative strength, it outperformed 77.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of QQMG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QQMG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QQMG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.38 | NEUTRAL | The RSI value for QQMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests QQMG has a negative trend. |
| Stochastics (14,3) | 68.23 | NEUTRAL | The Stochastics value for QQMG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.11 | LOW VOLATILITY | The low ATR as a percentage value for QQMG suggests low volalility. |
| Average Directional Index/ADX (14) | 25.07 | POSITIVE | The high ADX value value for QQMG suggests a strong 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)
40.6519
-1.44 (-3.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.43%
1 Week-2.1%
2 Weeks-0.77%
1 Month1.17%
3 Month6.92%
6 Month31.35%
12 Month19.99%
2 Year70.23%
3 Year117.27%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%1.11%
ATR Inc136.05%
Range Today1.61
ADR(20)0.42
ADR(20)%1.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.75
Mansfield0.44
10 Day High42.27
10 Day Low40.65
20 Day High42.27
20 Day Low40.03
52 Week High42.27
52 Week Low27.34
CS1 End40.64
CR1 Start40.84
Volume & EV
DER(3)-1.96%
DER(5)-4.64%
Volume19.80K
Volume Incr-36.66%
Vol(5)16.64K
Vol(50)18.43K