MEGALONG 3X NASDAQ-100 DLA (QQQU.CA) Stock Technical Analysis
TSX:QQQU - Toronto Stock Exchange - CA54315B2012 - ETF - Currency: CAD
We assign a technical rating of 4 out of 10 to QQQU. In the last year, QQQU 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.
QQQU 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
24.66
We found 1 important support area.
- A support zone ranging from 24.91 to 25.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 QQQU.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QQQU.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | QQQU.CA 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 QQQU.CA is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 76.37 | OVERBOUGHT | The high RSI value suggests QQQU.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests QQQU.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 89.09 | OVERBOUGHT | The high Stochastics value suggests QQQU.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for QQQU.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.99 | NEGATIVE | The low ADX value for QQQU.CA suggests a weak or negative trend. |
TSX:QQQU (7/25/2025, 7:00:00 PM)
26.8
+0.28 (+1.06%)