MEGALONG 3X NASDAQ-100 DLA (QQQU.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:QQQU - CA54315B2012 - ETF
Taking everything into account, QQQU scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, QQQU is a bad performer.
QQQU has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
28.46
We found 3 important support areas.
- A support zone ranging from 32.29 to 33.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @29.71 from a trend line in the daily time frame.
- A support zone ranging from 28.75 to 29.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @33.63 from a trend line in the daily time frame.
- A resistance zone ranging from 35.88 to 36.31. 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 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) | DOWN | MIXED | The current price of QQQU.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QQQU.CA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 54.85 | NEUTRAL | The RSI value for QQQU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests QQQU.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.27 | OVERBOUGHT | The high Stochastics value suggests QQQU.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for QQQU.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.03 | NEGATIVE | The low ADX value for QQQU.CA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 33.64 | 32.28 | 1.36 (4.04%) | 24.74% |
| An entry @33.64. This is a Buy Stop order right above the resistance zone. | An exit @32.28. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.36 points, which is 4.04%. | When investing 24.74% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of QQQU. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:QQQU (12/8/2025, 7:00:00 PM)
33.63
-0.24 (-0.71%)
MEGALONG 3X NASDAQ-100 DLA / QQQU.CA FAQ
Can you provide the ChartMill technical rating for MEGALONG 3X NASDAQ-100 DLA?
ChartMill assigns a technical rating of 6 / 10 to QQQU.CA.
What is the trend direction for QQQU stock?
The current trend direction for MEGALONG 3X NASDAQ-100 DLA (QQQU.CA) is Bullish.
What is the RSI signal for QQQU stock?
MEGALONG 3X NASDAQ-100 DLA (QQQU.CA) has an RSI value of 54.852. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MEGALONG 3X NASDAQ-100 DLA?
The MACD indicator for MEGALONG 3X NASDAQ-100 DLA (QQQU.CA) has a value of 0.241511, indicating a bearish trend.
What is the buy/sell signal for MEGALONG 3X NASDAQ-100 DLA (QQQU.CA) stock?
The buy/sell signal for MEGALONG 3X NASDAQ-100 DLA (QQQU.CA) is buy as both the short term and long term trends are positive.