INVESCO QQQ TRUST SERIES 1 (QQQ) Technical Analysis
NASDAQ:QQQ • US46090E1038
Current stock price
QQQ Technical Rating and Analysis
Taking everything into account, QQQ scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, QQQ is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that QQQ is one of the better performing stocks in the market, outperforming 79% of all stocks. We also observe that the gains produced by QQQ over the past year are nicely spread over this period.
- A new 52 week high is currently being made by QQQ, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month QQQ has a been trading in the 578.40 - 675.97 range, which is quite wide. It is currently trading near the high of this range.
- QQQ has an average volume of 60008800 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 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
QQQ Support and Resistance Analysis
548.34
5 important support areas can be observed.
- A support zone ranging from 657.54 to 658.68. 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 611.44 to 612.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @576.30 from a trend line in the weekly time frame.
- Support @565.62 from a horizontal line in the daily time frame.
- Support @553.88 from a horizontal line in the daily time frame.
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 | 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 | 79.08 | POSITIVE | QQQ has a high relative strength, it outperformed 79.08% 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) | 74.85 | OVERBOUGHT | The high RSI value suggests QQQ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.72 | POSITIVE | The MACD value suggests QQQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.54 | OVERBOUGHT | The high Stochastics value suggests QQQ may be overbought. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for QQQ suggests low volalility. |
| Average Directional Index/ADX (14) | 29.77 | POSITIVE | The high ADX value value for QQQ suggests a strong trend. |
QQQ Chart- and CandleStick Pattern Analysis
QQQ Technicals: Chart, Performance Metrics, Trend & Indicators
674.15
+6.41 (+0.96%)
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 10 / 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 Bullish.
What is the RSI signal for QQQ stock?
INVESCO QQQ TRUST SERIES 1 (QQQ) has an RSI value of 74.8539. This indicates that the stock is currently overbought.
What is the buy/sell signal for INVESCO QQQ TRUST SERIES 1 (QQQ) stock?
The buy/sell signal for INVESCO QQQ TRUST SERIES 1 (QQQ) is buy as both the short term and long term trends are positive.
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 658.68. Check the full technical report for our detailed analysis of QQQ support and resistance levels.