INVESCO QQQ TRUST SERIES 1 (QQQ) Technical Analysis
NASDAQ:QQQ • US46090E1038
Current stock price
637.4 USD
+8.8 (+1.4%)
At close:
637.95 USD
+0.55 (+0.09%)
After Hours:
QQQ Technical Rating and Analysis
Overall QQQ gets a technical rating of 8 out of 10. In the last year, QQQ was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- 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. On top of that, QQQ also shows a nice and consistent pattern of rising prices.
- QQQ is currently making a new 52 week high. This is a strong signal. 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 555.60 - 637.83 range, which is quite wide. It is currently trading near the high of this range.
- QQQ has an average volume of 67401200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
QQQ Weekly and Daily overview Charts
QQQ Setup Rating and Analysis
Although QQQ has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
QQQ Support and Resistance Analysis
548.34
643.78
We found 3 important support areas.
- A support zone ranging from 627.61 to 635.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 592.94 to 611.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 553.88 to 570.81. 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 637.41 to 637.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
QQQ Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for QQQ is up. |
| ChartMill Relative Strength | 76.34 | POSITIVE | QQQ has a high relative strength, it outperformed 76.34% 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) | 70.89 | OVERBOUGHT | The high RSI value suggests QQQ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 6.78 | POSITIVE | The MACD value suggests QQQ has a positive trend. |
| Stochastics (14,3) | 95.44 | OVERBOUGHT | The high Stochastics value suggests QQQ may be overbought. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for QQQ suggests low volalility. |
| Average Directional Index/ADX (14) | 25.21 | POSITIVE | The high ADX value value for QQQ suggests a strong trend. |
QQQ Chart- and CandleStick Pattern Analysis
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)
QQQ Technicals: Chart, Performance Metrics, Trend & Indicators
637.4
+8.8 (+1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.4%
1 Week5.17%
2 Weeks10.43%
1 Month5.65%
3 Month2.6%
6 Month5.54%
12 Month43.53%
2 Year50.12%
3 Year97.61%
5 Year88.59%
10 Year502.91%
15 Year978.88%
Volatility
ATR(14)12.35
ATR(20)%1.82%
ATR Inc-11.89%
Range Today9.63
ADR(20)9.62
ADR(20)%1.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.34
3 months CRS69.57
6 months CRS63.61
Mansfield0.19
10 Day High637.83
10 Day Low571.92
20 Day High637.83
20 Day Low555.6
52 Week High637.83
52 Week Low427.93
CS1 End635.77
CR1 Start637.41
Volume & EV
DER(3)3.78%
DER(5)2.77%
Volume49.94M
Volume Incr-38.81%
Vol(5)40.76M
Vol(50)67.40M
INVESCO QQQ TRUST SERIES 1 / QQQ TA FAQ
What is the ChartMill technical rating of INVESCO QQQ TRUST SERIES 1 (QQQ) stock?
ChartMill assigns a technical rating of 8 / 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.
What is the RSI signal for QQQ stock?
INVESCO QQQ TRUST SERIES 1 (QQQ) has an RSI value of 70.8905. This indicates that the stock is currently overbought.
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 635.77 and a resistance level at 637.41. Check the full technical report for our detailed analysis of QQQ support and resistance levels.