GLOBAL X NASDAQ-100 INDX ETF (QQQX-U.CA) Stock Technical Analysis
TSX:QQQX-U - Toronto Stock Exchange - CA37962C1014 - ETF - Currency: USD
Overall QQQX-U gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, QQQX-U is only an average performer.
Warning: QQQX-U has an average volume of 18853 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!
QQQX-U is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month QQQX-U has a been trading in the 23.58 - 25.08 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, QQQX-U outperforms 67% of them, which is more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
QQQX-U has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 24.88, a Stop Loss order could be placed below this zone.
More info and screens
22.85
25.30
We found 3 important support areas.
- A support zone ranging from 24.44 to 24.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 23.56 to 23.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.08 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 25.05 to 25.05. 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 QQQX-U.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QQQX-U.CA is up. |
| ChartMill Relative Strength | 67.09 | NEUTRAL | QQQX-U.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QQQX-U.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QQQX-U.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QQQX-U.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.81 | NEUTRAL | The RSI value for QQQX-U.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests QQQX-U.CA has a negative trend. |
| Stochastics (14,3) | 93.11 | OVERBOUGHT | The high Stochastics value suggests QQQX-U.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.92 | LOW VOLATILITY | The low ATR as a percentage value for QQQX-U.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 19.82 | NEGATIVE | The low ADX value for QQQX-U.CA suggests a weak or negative 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)
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 |
|---|---|---|---|
| 25.06 | 24.55 | 0.51 (2.04%) | 25.00% |
| An entry @25.06. This is a Buy Stop order right above the resistance zone. | An exit @24.55. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.51 points, which is 2.04%. | For a 0.51% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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:QQQX-U (7/11/2025, 7:00:00 PM)
24.94
-0.05 (-0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.2%
1 Week-0.44%
2 Weeks1.51%
1 Month4.22%
3 Month22.02%
6 Month9.43%
12 Month12.85%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%0.92%
ATR Inc-64.58%
Range Today0.08
ADR(20)0.16
ADR(20)%0.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.09
Mansfield0.31
10 Day High25.08
10 Day Low24.56
20 Day High25.08
20 Day Low23.58
52 Week High25.08
52 Week Low18.1
CS1 End24.88
CR1 Start25.05
Volume & EV
DER(3)0%
DER(5)0.48%
Volume1.50K
Volume Incr-92.07%
Vol(5)1.44K
Vol(50)18.85K