INVESCO QQQ TRUST SERIES 1 (QQQ) Stock Technical Analysis
USA - NASDAQ:QQQ - US46090E1038 - ETF
598.2 USD
-4 (-0.66%)
599.68 USD
+1.48 (+0.25%)
Taking everything into account, QQQ scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, QQQ has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that QQQ is one of the better performing stocks in the market, outperforming 76% of all stocks.
QQQ 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.
In the last month QQQ has a been trading in the 559.53 - 602.87 range, which is quite wide. It is currently trading near the high of this range.
QQQ has an average volume of 47473700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although QQQ has an excellent technical rating, it does not present a decent entry opportunity 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
410.50
608.23
When analyzing the support we can see 3 important areas.
- A support zone ranging from 583.00 to 591.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 553.87 to 553.88. 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.
We found 1 important resistance area.
- A resistance zone ranging from 599.36 to 602.21. 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 QQQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QQQ is up. |
| ChartMill Relative Strength | 76.22 | POSITIVE | QQQ has a high relative strength, it outperformed 76.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QQQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QQQ is above the rising 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) | 68.68 | NEUTRAL | The RSI value for QQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.6 | POSITIVE | The MACD value suggests QQQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.21 | OVERBOUGHT | The high Stochastics value suggests QQQ may be overbought. |
| Average True Range in percent/ATR (20) | 0.97 | LOW VOLATILITY | The low ATR as a percentage value for QQQ suggests low volalility. |
| Average Directional Index/ADX (14) | 22.45 | NEUTRAL | The ADX value for QQQ suggests a possible start of a new 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)
598.2
-4 (-0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.66%
1 Week1.19%
2 Weeks3.05%
1 Month4.89%
3 Month9.14%
6 Month27.56%
12 Month22.9%
2 Year66.97%
3 Year123.83%
5 Year115.3%
10 Year487.85%
15 Year1119.07%
Volatility
ATR(14)5.47
ATR(20)%0.97%
ATR Inc-9.12%
Range Today5.59
ADR(20)5
ADR(20)%0.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.22
Mansfield0.35
10 Day High602.87
10 Day Low578.55
20 Day High602.87
20 Day Low559.54
52 Week High602.87
52 Week Low402.39
CS1 End591.94
CR1 Start599.36
Volume & EV
DER(3)0.82%
DER(5)0.67%
Volume64.64M
Volume Incr28.4%
Vol(5)62.09M
Vol(50)47.47M