DEFIANCE NASDAQ 100 WEEKLY D (QQQY) Stock Technical Analysis
NASDAQ:QQQY • US88636J1549
Overall QQQY gets a technical rating of 0 out of 10. QQQY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, QQQY is a bad performer in the overall market: 82% of all stocks are doing better.
- QQQY is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- QQQY is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Although the technical rating is bad, QQQY does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 22.09, a Stop Loss order could be placed below this zone.
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21.80
When analyzing the support we notice one important area.
- A support zone ranging from 22.02 to 22.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 22.86 to 23.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.90 to 24.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.81 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for QQQY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QQQY is down. |
| ChartMill Relative Strength | 18.08 | NEGATIVE | QQQY has a low relative strength, it was outperformed by 81.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QQQY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QQQY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QQQY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.65 | NEUTRAL | The RSI value for QQQY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests QQQY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.8 | NEUTRAL | The Stochastics value for QQQY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for QQQY suggests low volalility. |
| Average Directional Index/ADX (14) | 34.4 | POSITIVE | The high ADX value value for QQQY suggests a strong trend. |
22.1
-0.05 (-0.23%)
DEFIANCE NASDAQ 100 WEEKLY D / QQQY FAQ
Can you provide the ChartMill technical rating for DEFIANCE NASDAQ 100 WEEKLY D?
ChartMill assigns a technical rating of 0 / 10 to QQQY.
What is the current trend direction of DEFIANCE NASDAQ 100 WEEKLY D (QQQY) stock?
The current trend direction for DEFIANCE NASDAQ 100 WEEKLY D (QQQY) is Bearish.
What is the RSI signal for DEFIANCE NASDAQ 100 WEEKLY D (QQQY) stock?
DEFIANCE NASDAQ 100 WEEKLY D (QQQY) has an RSI value of 39.6451. This indicates that the stock is currently neutral.
What is the MACD signal for QQQY stock?
The MACD indicator for DEFIANCE NASDAQ 100 WEEKLY D (QQQY) has a value of 0.0212677, indicating a bearish trend.
What is the short term momentum for QQQY stock?
The short term momentum for DEFIANCE NASDAQ 100 WEEKLY D (QQQY) is negative.