INVESCO QQQ TRUST SERIES 1 (QQQ) Stock Technical Analysis
NASDAQ:QQQ • US46090E1038
Overall QQQ gets a technical rating of 1 out of 10. QQQ has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month QQQ has a been trading in the 593.34 - 636.60 range, which is quite wide. It is currently trading near the lows of this range.
- QQQ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so QQQ is lagging the market slightly.
- QQQ has an average volume of 56598700 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!
- When comparing the performance of all stocks over the past year, QQQ turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
QQQ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 607.05, a Stop Loss order could be placed below this zone.
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410.50
2 important support areas can be observed.
- A support zone ranging from 593.53 to 607.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @414.65 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 612.35 to 617.02. 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 | 60.22 | NEUTRAL | QQQ is not amongst the best or worst performers 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) | 47.14 | NEUTRAL | The RSI value for QQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.72 | NEGATIVE | The MACD value suggests QQQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.58 | NEUTRAL | The Stochastics value for QQQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for QQQ suggests low volalility. |
| Average Directional Index/ADX (14) | 19.92 | NEGATIVE | The low ADX value for QQQ suggests a weak or negative trend. |
608.81
+5.34 (+0.88%)
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 1 / 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 47.1436. 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 -0.71835, 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 607.05 and a resistance level at 612.35. Check the full technical report for our detailed analysis of QQQ support and resistance levels.