Taking everything into account, QQQE scores 5 out of 10 in our technical rating. In the last year, QQQE was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
QQQE has an average technical rating and also the quality of the setup is only medium 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
93.89
When analyzing the support we can see 2 important areas.
- A support zone ranging from 96.91 to 102.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @94.84 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 103.31 to 105.23. 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 | 65.25 | NEUTRAL | QQQE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QQQE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of QQQE is above a declining 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) | 50.54 | NEUTRAL | The RSI value for QQQE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests QQQE has a negative trend. |
| Stochastics (14,3) | 29.19 | NEUTRAL | The Stochastics value for QQQE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.31 | LOW VOLATILITY | The low ATR as a percentage value for QQQE suggests low volalility. |
| Average Directional Index/ADX (14) | 15.36 | NEGATIVE | The low ADX value for QQQE suggests a weak or negative trend. |
102.49
+0.94 (+0.93%)
DIREXION NASDAQ-100 EQ WEIGH / QQQE FAQ
What is the technical rating for QQQE stock?
ChartMill assigns a technical rating of 5 / 10 to QQQE.
Can you provide the trend direction for DIREXION NASDAQ-100 EQ WEIGH?
The current trend direction for DIREXION NASDAQ-100 EQ WEIGH (QQQE) is Bullish.
What is the RSI signal for QQQE stock?
DIREXION NASDAQ-100 EQ WEIGH (QQQE) has an RSI value of 50.5354. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DIREXION NASDAQ-100 EQ WEIGH?
The MACD indicator for DIREXION NASDAQ-100 EQ WEIGH (QQQE) has a value of -0.0873475, indicating a bearish trend.