We assign a technical rating of 6 out of 10 to QQQI. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, QQQI is only an average performer.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- QQQI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- QQQI has an average volume of 4449700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, QQQI turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
- In the last month QQQI has a been trading in a tight range between 52.78 and 54.85.
QQQI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 54.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.21, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for QQQI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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51.26
We found 1 important support area.
- A support zone ranging from 51.78 to 54.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 54.80 to 55.79. 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 | UP | POSITIVE | The long term trend for QQQI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QQQI is neutral. |
| ChartMill Relative Strength | 40.26 | NEUTRAL | QQQI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QQQI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QQQI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QQQI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.34 | NEUTRAL | The RSI value for QQQI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests QQQI has a positive trend. |
| Stochastics (14,3) | 74.41 | NEUTRAL | The Stochastics value for QQQI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.92 | LOW VOLATILITY | The low ATR as a percentage value for QQQI suggests low volalility. |
| Average Directional Index/ADX (14) | 14.62 | NEGATIVE | The low ADX value for QQQI suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 54.76 | 52.77 | 1.99 (3.63%) | 25.00% |
| An entry @54.76. This is a Buy Stop order right above the 10 day high. | An exit @52.77. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.99 points, which is 3.63%. | For a 0.91% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
54.5
+0.12 (+0.22%)
NEOS NASDAQ-100 HIGH INC ETF / QQQI FAQ
What is the technical rating for QQQI stock?
ChartMill assigns a technical rating of 6 / 10 to QQQI.
What is the trend direction for QQQI stock?
The current trend direction for NEOS NASDAQ-100 HIGH INC ETF (QQQI) is Bullish.
What is the RSI signal for NEOS NASDAQ-100 HIGH INC ETF (QQQI) stock?
NEOS NASDAQ-100 HIGH INC ETF (QQQI) has an RSI value of 54.3432. This indicates that the stock is currently neutral.
What is the MACD signal for QQQI stock?
The MACD indicator for NEOS NASDAQ-100 HIGH INC ETF (QQQI) has a value of 0.0239837, indicating a bearish trend.
What is the short term momentum for QQQI stock?
The short term momentum for NEOS NASDAQ-100 HIGH INC ETF (QQQI) is neutral.