NEOS NASDAQ-100 HIGH INC ETF (QQQI) Stock Technical Analysis
NASDAQ:QQQI • US78433H6751
Taking everything into account, QQQI scores 0 out of 10 in our technical rating. QQQI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 65% of all other stocks performed better in the past year than QQQI.
- QQQI 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 QQQI is lagging the market slightly.
- QQQI has an average volume of 5426170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month QQQI has a been trading in a tight range between 51.70 and 54.35.
Although the technical rating is bad, QQQI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 52.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.42, a Stop Loss order could be placed below this zone.
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50.45
2 important support areas can be observed.
- A support zone ranging from 51.78 to 52.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @50.96 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 52.47 to 53.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for QQQI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QQQI is down. |
| ChartMill Relative Strength | 35.28 | NEUTRAL | QQQI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QQQI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QQQI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of QQQI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.64 | NEUTRAL | The RSI value for QQQI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests QQQI has a positive trend. |
| Stochastics (14,3) | 39.78 | NEUTRAL | The Stochastics value for QQQI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.61 | LOW VOLATILITY | The low ATR as a percentage value for QQQI suggests low volalility. |
| Average Directional Index/ADX (14) | 25.65 | POSITIVE | The high ADX value value for QQQI suggests a strong trend. |
52.46
+0.03 (+0.06%)
NEOS NASDAQ-100 HIGH INC ETF / QQQI FAQ
What is the technical rating for QQQI stock?
ChartMill assigns a technical rating of 0 / 10 to QQQI.
What is the trend direction for 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 44.6392. 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 0.0405012, 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 negative.