NYSEARCA:QQQU - NYSE Arca - US25461A6507 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to QQQU. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, QQQU is showing a nice and steady performance.
QQQU has an excellent technical rating, but 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.
26.30
2 important support areas can be observed.
When analyzing the resistance we notice one important area.
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 is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QQQU is up. |
ChartMill Relative Strength | 91.71 | POSITIVE | QQQU has a high relative strength, it outperformed 91.71% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QQQU is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QQQU is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QQQU is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 69.54 | NEUTRAL | The RSI value for QQQU is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests QQQU has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 91.27 | OVERBOUGHT | The high Stochastics value suggests QQQU may be overbought. |
Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for QQQU suggests some volalility. |
Average Directional Index/ADX (14) | 20.6 | NEUTRAL | The ADX value for QQQU suggests a possible start of a new 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 |
---|---|---|---|
47.69 | 44.31 | 3.38 (7.08%) | 14.13% |
An entry @47.69. This is a Buy Stop order right above the 10 day high. | An exit @44.31. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.38 points, which is 7.08%. | For a 1.00% total portfolio risk, you can invest 14.13% of your capital in this trade. |
47.1
+0.3 (+0.64%)