INVESCO QQQ TRUST SERIES 1 (QQQ)

US46090E1038 - ETF

348.4  +8.68 (+2.56%)

After market: 349.38 +0.98 (+0.28%)

Technical Rating

8

Taking everything into account, QQQ scores 8 out of 10 in our technical rating. Although QQQ is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



The long and short term trends are both positive. This is looking good!
QQQ is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so QQQ is leading the market.
In the last month QQQ has a been trading in the 315.12 - 349.25 range, which is quite wide. It is currently trading near the high of this range.
QQQ has an average volume of 53626600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, QQQ did better than 90% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

Statistics

1 Month 3 Months 6 Months 12 Months 8.01% 19.38% 21.43% 12.71% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 90.73 254.26 - 349.245
QQQ Weekly chart
QQQ Daily chart

Support/Resistance Analysis


264.59

351.88
3 important support areas can be observed.
  • A support zone ranging from 309.22 to 320.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @289.39 from a horizontal line in the daily time frame.
  • Support @267.26 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

1

Although QQQ has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.


QQQ Daily chart

INVESCO QQQ TRUST SERIES 1

NASDAQ:QQQ (5/26/2023, 7:00:02 PM)

After market: 349.38 +0.98 (+0.28%)

348.4

+8.68 (+2.56%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.56%
1 Week3.53%
2 Weeks7.19%
1 Month8.01%
3 Month19.38%
6 Month21.43%
12 Month12.71%
Volatility
ATR(14)4.51
ATR(20)%1.28%
ATR Inc142.15%
Range Today8.58
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.73
Mansfield1.09
10 Day High349.25
10 Day Low323.96
20 Day High349.25
20 Day Low315.12
52 Week High349.25
52 Week Low254.26
CS1 End320.51
CR1 StartN/A
Volume & EV
DER(3)0.09%
DER(5)-0.3%
Volume63.01M
Volume Incr12.56%
Vol(5)56.80M
Vol(50)53.63M
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