TRADR 2X LONG INNOVATION 100 (QQQP) Stock Technical Analysis
NASDAQ:QQQP - Nasdaq - US46144X1494 - ETF - Currency: USD
Taking everything into account, QQQP scores 6 out of 10 in our technical rating. In the last year, QQQP was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
100% of all other stocks performed better in the past year than QQQP.
Warning: QQQP has an average volume of 13010 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
QQQP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
QQQP has an average technical rating and also the quality of the setup is 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
25.24
29.97
We found 1 important support area.
- A support zone ranging from 25.49 to 25.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 26.55 to 26.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @28.92 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 29.46 to 29.67. 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 QQQP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QQQP is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | QQQP has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QQQP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QQQP is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 63.25 | NEUTRAL | The RSI value for QQQP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests QQQP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.43 | OVERBOUGHT | The high Stochastics value suggests QQQP may be overbought. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for QQQP suggests some volalility. |
| Average Directional Index/ADX (14) | 23.01 | NEUTRAL | The ADX value for QQQP suggests a possible start of a new 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)
NASDAQ:QQQP (5/28/2025, 8:00:00 PM)
26.41
-0.2 (-0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.75%
1 Week-0.56%
2 Weeks0.96%
1 Month17.64%
3 Month0.57%
6 Month-1.75%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%2.26%
ATR Inc22.67%
Range Today0.31
ADR(20)0.29
ADR(20)%1.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High26.82
10 Day Low25.16
20 Day High26.82
20 Day Low21.94
52 Week HighN/A
52 Week LowN/A
CS1 End25.49
CR1 Start26.55
Volume & EV
DER(3)0%
DER(5)0%
Volume700
Volume Incr-33.99%
Vol(5)2.89K
Vol(50)13.01K