INVESCO QQQ TRUST SERIES 1 (QQQ) Technical Analysis
NASDAQ:QQQ • US46090E1038
Current stock price
QQQ Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to QQQ. 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.
- In the last month QQQ has a been trading in the 578.54 - 616.83 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 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 65699700 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.
- When comparing the yearly performance of all stocks, we notice that QQQ is one of the better performing stocks in the market, outperforming 71% of all stocks. On top of that, QQQ also shows a nice and consistent pattern of rising prices. However, we also see that QQQ couldn't keep up this performance in the last couple of months.
QQQ Weekly and Daily overview Charts
QQQ Setup Rating and Analysis
The technical rating of QQQ is bad and it also does not present a quality setup 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
576.23
We found 1 important support area.
- A support zone ranging from 582.05 to 582.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @585.67 from a horizontal line in the daily time frame.
- A resistance zone ranging from 598.79 to 611.44. 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 | 71.61 | POSITIVE | QQQ has a high relative strength, it outperformed 71.61% 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 | MIXED | The current price of QQQ is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.21 | NEUTRAL | The RSI value for QQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.6 | NEGATIVE | The MACD value suggests QQQ has a negative trend. |
| Stochastics (14,3) | 16.35 | OVERSOLD | The low Stochastics value suggests QQQ may be oversold. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for QQQ suggests low volalility. |
| Average Directional Index/ADX (14) | 25.93 | 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
582.06
-10.96 (-1.85%)
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 35.2067. 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 -1.60454, 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 582.05 and a resistance level at 585.67. Check the full technical report for our detailed analysis of QQQ support and resistance levels.