Taking everything into account, QQQI scores 4 out of 10 in our technical rating. In the last year, QQQI was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
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 55.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.41, 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.
More info and screens
50.45
3 important support areas can be observed.
- A support zone ranging from 53.65 to 54.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.13 to 52.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @50.96 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 55.53 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 | NEUTRAL | NEUTRAL | The long term trend for QQQI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QQQI is up. |
| ChartMill Relative Strength | 57.67 | NEUTRAL | QQQI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of QQQI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of QQQI is above a declining 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) | 53.7 | NEUTRAL | The RSI value for QQQI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests QQQI has a positive trend. |
| Stochastics (14,3) | 75.58 | NEUTRAL | The Stochastics value for QQQI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for QQQI suggests low volalility. |
| Average Directional Index/ADX (14) | 21.7 | NEUTRAL | The ADX value for QQQI suggests a possible start of a new trend. |
54.61
+0.34 (+0.63%)
NEOS NASDAQ-100 HIGH INC ETF / QQQI FAQ
What is the technical rating for QQQI stock?
ChartMill assigns a technical rating of 4 / 10 to QQQI.
What is the current trend direction of NEOS NASDAQ-100 HIGH INC ETF (QQQI) stock?
The current trend direction for NEOS NASDAQ-100 HIGH INC ETF (QQQI) is Bearish.
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 53.6998. This indicates that the stock is currently neutral.
What is the MACD signal for NEOS NASDAQ-100 HIGH INC ETF (QQQI) stock?
The MACD indicator for NEOS NASDAQ-100 HIGH INC ETF (QQQI) has a value of 0.096902, indicating a bearish trend.
Can you provide the short term momentum for NEOS NASDAQ-100 HIGH INC ETF?
The short term momentum for NEOS NASDAQ-100 HIGH INC ETF (QQQI) is positive.