Overall QQQY gets a technical rating of 1 out of 10. 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.
- 83% of all other stocks performed better in the past year than QQQY.
- QQQY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month QQQY has a been trading in a tight range between 23.43 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 23.55, 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.
More info and screens
22.99
We found 1 important support area.
- A support zone ranging from 23.22 to 23.55. 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 23.64 to 24.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.82 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 | 17.56 | NEGATIVE | QQQY has a low relative strength, it was outperformed by 82.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of QQQY is below the rising 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) | 40.9 | NEUTRAL | The RSI value for QQQY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests QQQY has a negative trend. |
| Stochastics (14,3) | 31.6 | NEUTRAL | The Stochastics value for QQQY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for QQQY suggests low volalility. |
| Average Directional Index/ADX (14) | 29.93 | POSITIVE | The high ADX value value for QQQY suggests a strong trend. |
23.58
+0.01 (+0.04%)
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 1 / 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 40.9004. 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 -0.000309843, 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.