INVESCO QQQ TRUST SERIES 1 (QQQ) Technical Analysis
NASDAQ:QQQ • US46090E1038
Overall QQQ gets a technical rating of 3 out of 10. Although QQQ is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, we notice that QQQ is one of the better performing stocks in the market, outperforming 72% of all stocks. We also observe that the gains produced by QQQ over the past year are nicely spread over this period.
- QQQ is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so QQQ is performing more or less in line with the market.
- QQQ has an average volume of 64077300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- In the last month QQQ has a been trading in a tight range between 591.33 and 616.83.
QQQ has a bad 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 605.68. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 597.25, a Stop Loss order could be placed below this zone.
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410.50
When analyzing the support we can see 2 important areas.
- A support zone ranging from 593.53 to 593.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @414.65 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 604.33 to 613.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 627.61 to 635.78. 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 | NEUTRAL | NEUTRAL | The long term trend for QQQ is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QQQ is down. |
| ChartMill Relative Strength | 72.76 | POSITIVE | QQQ has a high relative strength, it outperformed 72.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QQQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QQQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QQQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.83 | NEUTRAL | The RSI value for QQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.71 | NEGATIVE | The MACD value suggests QQQ has a negative trend. |
| Stochastics (14,3) | 32.26 | NEUTRAL | The Stochastics value for QQQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for QQQ suggests low volalility. |
| Average Directional Index/ADX (14) | 19.57 | NEGATIVE | The low ADX value for QQQ suggests a weak or negative trend. |
QQQ Technicals: Chart, Performance Metrics, Trend & Indicators
593.72
-3.54 (-0.59%)
INVESCO QQQ TRUST SERIES 1 / QQQ FAQ
What is the ChartMill technical rating of INVESCO QQQ TRUST SERIES 1 (QQQ) stock?
ChartMill assigns a technical rating of 3 / 10 to QQQ.
What is the current trend direction of INVESCO QQQ TRUST SERIES 1 (QQQ) stock?
The current trend direction for INVESCO QQQ TRUST SERIES 1 (QQQ) is Bearish.
Can you provide the RSI signal for INVESCO QQQ TRUST SERIES 1?
INVESCO QQQ TRUST SERIES 1 (QQQ) has an RSI value of 39.8348. This indicates that the stock is currently neutral.
Can you provide the MACD signal for INVESCO QQQ TRUST SERIES 1?
The MACD indicator for INVESCO QQQ TRUST SERIES 1 (QQQ) has a value of -0.705625, indicating a bearish trend.
What are the support and resistance levels for INVESCO QQQ TRUST SERIES 1 (QQQ) stock?
INVESCO QQQ TRUST SERIES 1 (QQQ) has a support level at 597.25 and a resistance level at 605.68. Check the full technical report for our detailed analysis of QQQ support and resistance levels.