NEOS NASDAQ-100 HIGH INC ETF (QQQI) Stock Technical Analysis
NASDAQ:QQQI - US78433H6751 - ETF
53.75 USD
+0.23 (+0.43%)
53.7899 USD
+0.04 (+0.07%)
We assign a technical rating of 6 out of 10 to QQQI. Although QQQI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
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 2824090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, QQQI outperforms 49% of them, which is more or less in line with the market.
In the last month QQQI has a been trading in a tight range between 51.73 and 53.98.
QQQI has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
50.45
54.95
We found 1 important support area.
- A support zone ranging from 50.96 to 53.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 54.22 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 | 49.82 | 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) | 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) | 61.01 | NEUTRAL | The RSI value for QQQI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests QQQI has a positive trend. |
| Stochastics (14,3) | 94.87 | OVERBOUGHT | The high Stochastics value suggests QQQI may be overbought. |
| Average True Range in percent/ATR (20) | 0.87 | LOW VOLATILITY | The low ATR as a percentage value for QQQI suggests low volalility. |
| Average Directional Index/ADX (14) | 11.86 | NEGATIVE | The low ADX value for QQQI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 54.42 | 51.93 | 2.49 (4.58%) | 21.86% |
| An entry @54.42. This is a Buy Stop order right above the resistance zone. | An exit @51.93. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.49 points, which is 4.58%. | When investing 21.86% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
53.75
+0.23 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.43%
1 Week1.19%
2 Weeks1.59%
1 Month-0.26%
3 Month5.47%
6 Month9.72%
12 Month6.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%0.87%
ATR Inc-41.44%
Range Today0.21
ADR(20)0.4
ADR(20)%0.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.82
Mansfield-0.57
10 Day High53.79
10 Day Low51.94
20 Day High53.98
20 Day Low51.73
52 Week High54.47
52 Week Low41.17
CS1 End53.54
CR1 Start54.22
Volume & EV
DER(3)-3.77%
DER(5)0.1%
Volume2.47M
Volume Incr-2.6%
Vol(5)3.00M
Vol(50)2.82M