INVESCO NASDAQ 100 ETF (QQQM) Technical Analysis
NASDAQ:QQQM • US46138G6492
Current stock price
262.48 USD
+3.7 (+1.43%)
At close:
263.15 USD
+0.67 (+0.26%)
Pre-Market:
QQQM Technical Rating and Analysis
Taking everything into account, QQQM scores 8 out of 10 in our technical rating. QQQM has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Looking at the yearly performance, QQQM did better than 76% of all other stocks. We also observe that the gains produced by QQQM over the past year are nicely spread over this period.
- A new 52 week high is currently being made by QQQM, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month QQQM has a been trading in the 228.75 - 262.55 range, which is quite wide. It is currently trading near the high of this range.
- QQQM has an average volume of 4611620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
QQQM Weekly and Daily overview Charts
QQQM Setup Rating and Analysis
Although QQQM has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
QQQM Support and Resistance Analysis
225.74
265.11
3 important support areas can be observed.
- A support zone ranging from 258.39 to 261.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 244.13 to 251.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 228.02 to 234.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 262.49 to 262.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
QQQM 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 QQQM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QQQM is up. |
| ChartMill Relative Strength | 76.39 | POSITIVE | QQQM has a high relative strength, it outperformed 76.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QQQM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QQQM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QQQM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.97 | OVERBOUGHT | The high RSI value suggests QQQM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.79 | POSITIVE | The MACD value suggests QQQM has a positive trend. |
| Stochastics (14,3) | 99.78 | OVERBOUGHT | The high Stochastics value suggests QQQM may be overbought. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for QQQM suggests low volalility. |
| Average Directional Index/ADX (14) | 24.89 | NEUTRAL | The ADX value for QQQM suggests a possible start of a new trend. |
QQQM Chart- and CandleStick Pattern Analysis
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)
QQQM Technicals: Chart, Performance Metrics, Trend & Indicators
262.48
+3.7 (+1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.43%
1 Week5.19%
2 Weeks10.46%
1 Month5.65%
3 Month2.65%
6 Month5.58%
12 Month43.54%
2 Year50.26%
3 Year97.83%
5 Year89.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.79
ATR(20)%1.74%
ATR Inc-6.72%
Range Today3.91
ADR(20)3.74
ADR(20)%1.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.39
3 months CRS69.77
6 months CRS63.7
Mansfield0.19
10 Day High262.55
10 Day Low235.5
20 Day High262.55
20 Day Low228.75
52 Week High262.55
52 Week Low176.19
CS1 End261.79
CR1 Start262.49
Volume & EV
DER(3)1.91%
DER(5)1.1%
Volume4.10M
Volume Incr-11.95%
Vol(5)3.47M
Vol(50)4.61M
INVESCO NASDAQ 100 ETF / QQQM TA FAQ
What is the technical rating for QQQM stock?
ChartMill assigns a technical rating of 8 / 10 to QQQM.
Can you provide the trend direction for INVESCO NASDAQ 100 ETF?
The current trend direction for INVESCO NASDAQ 100 ETF (QQQM) is Bearish.
What is the RSI signal for INVESCO NASDAQ 100 ETF (QQQM) stock?
INVESCO NASDAQ 100 ETF (QQQM) has an RSI value of 70.9675. This indicates that the stock is currently overbought.
What is the MACD signal for INVESCO NASDAQ 100 ETF (QQQM) stock?
The MACD indicator for INVESCO NASDAQ 100 ETF (QQQM) has a value of 2.79174, indicating a bullish trend.