INVESCO NASDAQ NEXT GEN 100 (QQQJ) Technical Analysis
NASDAQ:QQQJ • US46138G6310
Current stock price
QQQJ Technical Rating and Analysis
Overall QQQJ gets a technical rating of 2 out of 10. Although QQQJ is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month QQQJ has a been trading in the 35.80 - 38.60 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, QQQJ did better than 73% of all other stocks.
- QQQJ is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so QQQJ is performing more or less in line with the market.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Considerably lower volume is observed in the last couple of days.
QQQJ Weekly and Daily overview Charts
QQQJ Setup Rating and Analysis
QQQJ has a poor technical rating and the quality of the setup is also only medium 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
QQQJ Support and Resistance Analysis
35.11
2 important support areas can be observed.
- A support zone ranging from 36.09 to 36.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.46 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 36.45 to 37.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 39.13 to 39.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
QQQJ Technical Indicator Signal Analysis
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 QQQJ is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QQQJ is down. |
| ChartMill Relative Strength | 73.59 | POSITIVE | QQQJ has a high relative strength, it outperformed 73.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QQQJ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QQQJ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QQQJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.4 | NEUTRAL | The RSI value for QQQJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests QQQJ has a negative trend. |
| Stochastics (14,3) | 36.58 | NEUTRAL | The Stochastics value for QQQJ is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for QQQJ suggests some volalility. |
| Average Directional Index/ADX (14) | 30.23 | POSITIVE | The high ADX value value for QQQJ suggests a strong trend. |
QQQJ Chart- and CandleStick Pattern Analysis
QQQJ Technicals: Chart, Performance Metrics, Trend & Indicators
36.1
-1.12 (-3.01%)
INVESCO NASDAQ NEXT GEN 100 / QQQJ TA FAQ
What is the ChartMill technical rating of INVESCO NASDAQ NEXT GEN 100 (QQQJ) stock?
ChartMill assigns a technical rating of 2 / 10 to QQQJ.
Can you provide the trend direction for INVESCO NASDAQ NEXT GEN 100?
The current trend direction for INVESCO NASDAQ NEXT GEN 100 (QQQJ) is Bearish.
Can you provide the RSI signal for INVESCO NASDAQ NEXT GEN 100?
INVESCO NASDAQ NEXT GEN 100 (QQQJ) has an RSI value of 38.4028. This indicates that the stock is currently neutral.
What are the support and resistance levels for INVESCO NASDAQ NEXT GEN 100 (QQQJ) stock?
INVESCO NASDAQ NEXT GEN 100 (QQQJ) has a support level at 36.09 and a resistance level at 36.45. Check the full technical report for our detailed analysis of QQQJ support and resistance levels.