INVESCO QQQ TRUST SERIES 1 (QQQ) Stock Technical Analysis
USA - NASDAQ:QQQ - US46090E1038 - ETF
Overall QQQ gets a technical rating of 8 out of 10. 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.
QQQ has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 605.87, a Stop Loss order could be placed below this zone.
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410.50
3 important support areas can be observed.
- A support zone ranging from 589.49 to 605.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @553.87 from a horizontal line in the weekly time frame.
- Support @414.65 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 609.56 to 635.78. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for QQQ is neutral. |
| ChartMill Relative Strength | 78.37 | POSITIVE | QQQ has a high relative strength, it outperformed 78.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of QQQ is below 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) | 46.61 | NEUTRAL | The RSI value for QQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.51 | NEGATIVE | The MACD value suggests QQQ has a negative trend. |
| Stochastics (14,3) | 37.72 | NEUTRAL | The Stochastics value for QQQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.61 | LOW VOLATILITY | The low ATR as a percentage value for QQQ suggests low volalility. |
| Average Directional Index/ADX (14) | 15.42 | NEGATIVE | The low ADX value for QQQ suggests a weak or negative trend. |
608.86
+0.46 (+0.08%)
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 8 / 10 to QQQ.
Can you provide the trend direction for INVESCO QQQ TRUST SERIES 1?
The current trend direction for INVESCO QQQ TRUST SERIES 1 (QQQ) is Bullish.
Can you provide the RSI signal for INVESCO QQQ TRUST SERIES 1?
INVESCO QQQ TRUST SERIES 1 (QQQ) has an RSI value of 46.6124. 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 -2.51372, indicating a bearish trend.
Can you provide the support and resistance levels for INVESCO QQQ TRUST SERIES 1?
INVESCO QQQ TRUST SERIES 1 (QQQ) has a support level at 605.87 and a resistance level at 609.56. Check the full technical report for our detailed analysis of QQQ support and resistance levels.