INVESCO QQQ TRUST SERIES 1 (QQQ)       275.51  -4.56 (-1.63%)

275.51  -4.56 (-1.63%)

US46090E1038 - ETF - After market: 275.68 +0.17 (+0.06%)

Technical Rating

1

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.



QQQ has an average volume of 53836900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, QQQ outperforms 44% of them, which is more or less in line with the market.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
QQQ is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
In the last month QQQ has a been trading in the 272.02 - 321.51 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -14.06% -6.48% -23.33% -26.20% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 44.79 269.28 - 408.71
QQQ Weekly chart
QQQ Daily chart

Support/Resistance Analysis


268.67

332.90
When analyzing the support we notice one important area.
  • A support zone ranging from 271.38 to 274.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
  • A resistance zone ranging from 300.17 to 301.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 307.03 to 310.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 318.77 to 320.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @329.60 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

1

The technical rating of QQQ is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.


QQQ Daily chart

INVESCO QQQ TRUST SERIES 1275.51

NASDAQ:QQQ (9/23/2022, 7:23:22 PM)-4.56 (-1.63%)

After market: 275.68 +0.17 (+0.06%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today -1.63% 1 Week -4.77%
2 Weeks -10.28% 1 Month -14.06%
3 Month -6.48% 6 Month -23.33%
Volatility
ATR(14) 6.98 ATR(20)% 2.67%
ATR Inc -12.18% Range Today 5.83
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 44.79 Mansfield -0.51
10 Day High 311.08 10 Day Low 272.02
20 Day High 321.51 20 Day Low 272.02
52 Week High 408.71 52 Week Low 269.28
CS1 End 274.68 CR1 Start 300.17
Volume & EV
DER(3) -2.03% DER(5) -0.64%
Volume 74.82M Volume Incr 17.59%
Vol(5) 64.88M Vol(50) 53.84M

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