NEOS NASDAQ-100 HIGH INC ETF (QQQI) Stock Technical Analysis
NASDAQ:QQQI - Nasdaq - US78433H6751 - ETF - Currency: USD
Overall QQQI gets a technical rating of 7 out of 10. In the last year, QQQI was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Besides having an excellent technical rating, QQQI also presents a decent setup pattern. 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 52.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.30, a Stop Loss order could be placed below this zone.
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49.11
3 important support areas can be observed.
- A support zone ranging from 51.88 to 52.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.78 to 50.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.61 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 52.87 to 52.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 54.23 to 54.41. 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 | UP | POSITIVE | The short term trend for QQQI is up. |
| ChartMill Relative Strength | 58.47 | 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) | 63.74 | NEUTRAL | The RSI value for QQQI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests QQQI has a negative trend. |
| Stochastics (14,3) | 88.68 | OVERBOUGHT | The high Stochastics value suggests QQQI may be overbought. |
| Average True Range in percent/ATR (20) | 0.79 | LOW VOLATILITY | The low ATR as a percentage value for QQQI suggests low volalility. |
| Average Directional Index/ADX (14) | 12.27 | 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 |
|---|---|---|---|
| 53.00 | 51.87 | 1.13 (2.13%) | 25.00% |
| An entry @53.00. This is a Buy Stop order right above the resistance zone. | An exit @51.87. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.13 points, which is 2.13%. | For a 0.53% 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.
52.49
+0.04 (+0.08%)