DFN NS 100 EN OP&0DTE IN ETF (QQQY) Stock Technical Analysis
NASDAQ:QQQY - Nasdaq - US88636J1549 - ETF - Currency: USD
Taking everything into account, QQQY scores 3 out of 10 in our technical rating. In the past year, QQQY was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
QQQY has a bad 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 a resistance zone just above the current price starting at 26.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.93, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for QQQY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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22.99
3 important support areas can be observed.
- A support zone ranging from 25.65 to 25.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.24 from a horizontal line in the daily time frame.
- Support @23.22 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 26.04 to 26.12. 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 | DOWN | NEGATIVE | The long term trend for QQQY is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QQQY is up. |
| ChartMill Relative Strength | 12.6 | NEGATIVE | QQQY has a low relative strength, it was outperformed by 87.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QQQY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QQQY is above the rising 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) | 56.07 | NEUTRAL | The RSI value for QQQY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests QQQY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.42 | NEUTRAL | The Stochastics value for QQQY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.71 | LOW VOLATILITY | The low ATR as a percentage value for QQQY suggests low volalility. |
| Average Directional Index/ADX (14) | 13.92 | NEGATIVE | The low ADX value for QQQY suggests a weak or negative trend. |
26.03
+0.1 (+0.39%)