DIREXION NASDAQ-100 EQ WEIGH (QQQE) Stock Technical Analysis
USA - NASDAQ:QQQE - US25459Y2072 - ETF
We assign a technical rating of 1 out of 10 to QQQE. QQQE 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.
The technical rating of QQQE 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.
More info and screens
93.89
2 important support areas can be observed.
- A support zone ranging from 96.90 to 96.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @94.84 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 97.18 to 97.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 100.16 to 101.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 103.99 to 105.23. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for QQQE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QQQE is down. |
| ChartMill Relative Strength | 55.93 | NEUTRAL | QQQE is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of QQQE is below 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) | 28.84 | OVERSOLD | The low RSI value suggests QQQE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests QQQE has a negative trend. |
| Stochastics (14,3) | 8.25 | OVERSOLD | The low Stochastics value suggests QQQE may be oversold. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for QQQE suggests low volalility. |
| Average Directional Index/ADX (14) | 22.9 | NEUTRAL | The ADX value for QQQE suggests a possible start of a new trend. |
96.91
-2.14 (-2.16%)
DIREXION NASDAQ-100 EQ WEIGH / QQQE FAQ
What is the technical rating for QQQE stock?
ChartMill assigns a technical rating of 1 / 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 Bearish.
What is the RSI signal for QQQE stock?
DIREXION NASDAQ-100 EQ WEIGH (QQQE) has an RSI value of 28.8352. This indicates that the stock is currently oversold.
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 -0.607456, indicating a bearish trend.