DIREXION NASDAQ-100 EQ WEIGH (QQQE) Stock Technical Analysis
NASDAQ:QQQE - Nasdaq - US25459Y2072 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to QQQE. In the last year, QQQE was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that QQQE is one of the better performing stocks in the market, outperforming 70% of all stocks.
QQQE 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 QQQE is lagging the market slightly.
In the last month QQQE has a been trading in a tight range between 96.09 and 100.94.
Although QQQE has an excellent technical rating, it does not present a decent entry opportunity 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
79.82
101.38
When analyzing the support we can see 3 important areas.
- A support zone ranging from 96.34 to 97.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @91.44 from a horizontal line in the daily time frame.
- Support @80.63 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 99.19 to 100.38. 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 QQQE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QQQE is neutral. |
| ChartMill Relative Strength | 70.19 | POSITIVE | QQQE has a high relative strength, it outperformed 70.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QQQE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QQQE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QQQE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.44 | NEUTRAL | The RSI value for QQQE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests QQQE has a negative trend. |
| Stochastics (14,3) | 31.61 | NEUTRAL | The Stochastics value for QQQE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.96 | LOW VOLATILITY | The low ATR as a percentage value for QQQE suggests low volalility. |
| Average Directional Index/ADX (14) | 23.31 | NEUTRAL | The ADX value for QQQE suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NASDAQ:QQQE (8/4/2025, 8:00:01 PM)
98.39
+1.56 (+1.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.61%
1 Week-1.92%
2 Weeks-1.16%
1 Month-0.27%
3 Month9.25%
6 Month3.75%
12 Month15.96%
2 Year25.8%
3 Year47.95%
5 Year48.18%
10 Year216.27%
15 YearN/A
Volatility
ATR(14)1.01
ATR(20)%0.96%
ATR Inc119.42%
Range Today0.93
ADR(20)0.82
ADR(20)%0.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.19
Mansfield-0.09
10 Day High100.94
10 Day Low96.09
20 Day High100.94
20 Day Low96.09
52 Week High100.94
52 Week Low75.07
CS1 End97.2
CR1 Start99.19
Volume & EV
DER(3)-0.69%
DER(5)-2.78%
Volume191.20K
Volume Incr98.55%
Vol(5)154.46K
Vol(50)116.98K