We assign a technical rating of 5 out of 10 to QQQM. In the last year, QQQM was one of the better performers, but we do observe some doubts in the very recent evolution.
QQQM has an average technical rating and it also does not offer a high quality setup 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.
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168.92
When analyzing the support we can see 3 important areas.
- A support zone ranging from 249.14 to 249.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 241.10 to 244.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @170.63 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 251.24 to 254.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 258.97 to 261.80. 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 QQQM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QQQM is down. |
| ChartMill Relative Strength | 71.95 | POSITIVE | QQQM has a high relative strength, it outperformed 71.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of QQQM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QQQM is below a declining 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) | 46.29 | NEUTRAL | The RSI value for QQQM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.78 | NEGATIVE | The MACD value suggests QQQM has a negative trend. |
| Stochastics (14,3) | 17.49 | OVERSOLD | The low Stochastics value suggests QQQM may be oversold. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for QQQM suggests low volalility. |
| Average Directional Index/ADX (14) | 13.77 | NEGATIVE | The low ADX value for QQQM suggests a weak or negative trend. |
250.76
+3.57 (+1.44%)
INVESCO NASDAQ 100 ETF / QQQM FAQ
What is the technical rating for QQQM stock?
ChartMill assigns a technical rating of 5 / 10 to QQQM.
What is the current trend direction of INVESCO NASDAQ 100 ETF (QQQM) stock?
The current trend direction for INVESCO NASDAQ 100 ETF (QQQM) is Bullish.
What is the RSI signal for QQQM stock?
INVESCO NASDAQ 100 ETF (QQQM) has an RSI value of 46.2936. This indicates that the stock is currently neutral.
What is the MACD signal for QQQM stock?
The MACD indicator for INVESCO NASDAQ 100 ETF (QQQM) has a value of -0.779474, indicating a bearish trend.
What is the buy/sell signal for QQQM stock?
The buy/sell signal for INVESCO NASDAQ 100 ETF (QQQM) is hold as the short term and long term trends are mixed.