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 3 out of 10 in our technical rating. Although QQQ is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, QQQ did better than 72% of all other stocks. We also observe that the gains produced by QQQ over the past year are nicely spread over this period.
- QQQ is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so QQQ is performing more or less in line with the market.
- QQQ has an average volume of 64081200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- In the last month QQQ has a been trading in a tight range between 591.33 and 616.83.
QQQ Weekly and Daily overview Charts
QQQ Setup Rating and Analysis
QQQ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 604.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 593.71, a Stop Loss order could be placed below this zone.
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QQQ Support and Resistance Analysis
410.50
2 important support areas can be observed.
- A support zone ranging from 593.53 to 593.71. 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 604.33 to 613.33. 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.
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 | DOWN | NEGATIVE | The short term trend for QQQ is down. |
| ChartMill Relative Strength | 72.79 | POSITIVE | QQQ has a high relative strength, it outperformed 72.79% off all stocks 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) | 39.83 | NEUTRAL | The RSI value for QQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.71 | NEGATIVE | The MACD value suggests QQQ has a negative trend. |
| Stochastics (14,3) | 32.26 | NEUTRAL | The Stochastics value for QQQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for QQQ suggests low volalility. |
| Average Directional Index/ADX (14) | 19.57 | NEGATIVE | The low ADX value for QQQ suggests a weak or negative trend. |
QQQ Chart- and CandleStick Pattern Analysis
QQQ Technicals: Chart, Performance Metrics, Trend & Indicators
593.72
-3.54 (-0.59%)
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 3 / 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 39.8348. 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 -0.705625, 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 593.71 and a resistance level at 604.33. Check the full technical report for our detailed analysis of QQQ support and resistance levels.