We assign a technical rating of 0 out of 10 to QQQY. QQQY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 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.
- In the last month QQQY has a been trading in a tight range between 23.06 and 24.11.
QQQY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 23.35, a Stop Loss order could be placed below this zone.
More info and screens
22.87
We found 1 important support area.
- A support zone ranging from 23.10 to 23.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 23.63 to 24.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.80 from a trend line in the daily time frame.
- A resistance zone ranging from 25.81 to 26.32. 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 | DOWN | NEGATIVE | The short term trend for QQQY is down. |
| ChartMill Relative Strength | 18.31 | NEGATIVE | QQQY has a low relative strength, it was outperformed by 81.69% 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) | 39.57 | NEUTRAL | The RSI value for QQQY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests QQQY has a negative trend. |
| Stochastics (14,3) | 20.93 | NEUTRAL | The Stochastics value for QQQY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.05 | LOW VOLATILITY | The low ATR as a percentage value for QQQY suggests low volalility. |
| Average Directional Index/ADX (14) | 31.87 | POSITIVE | The high ADX value value for QQQY suggests a strong trend. |
23.36
+0.26 (+1.13%)
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 39.5725. 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 -0.0361779, 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.