DEFIANCE NASDAQ 100 ENH OPT (QQQY) Stock Technical Analysis
USA - NASDAQ:QQQY - US88636J1549 - ETF
Overall QQQY gets a technical rating of 1 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.
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 25.10, a Stop Loss order could be placed below this zone.
More info and screens
24.63
We found 1 important support area.
- A support zone ranging from 24.88 to 25.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.22 to 26.32. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for QQQY is neutral. |
| ChartMill Relative Strength | 16.17 | NEGATIVE | QQQY has a low relative strength, it was outperformed by 83.83% 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) | UP | MIXED | The current price of QQQY is below 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) | 47.64 | 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) | 67.6 | NEUTRAL | The Stochastics value for QQQY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for QQQY suggests low volalility. |
| Average Directional Index/ADX (14) | 28.86 | POSITIVE | The high ADX value value for QQQY suggests a strong trend. |
25.21
+0.13 (+0.52%)
DEFIANCE NASDAQ 100 ENH OPT / QQQY FAQ
Can you provide the ChartMill technical rating for DEFIANCE NASDAQ 100 ENH OPT?
ChartMill assigns a technical rating of 1 / 10 to QQQY.
Can you provide the trend direction for DEFIANCE NASDAQ 100 ENH OPT?
The current trend direction for DEFIANCE NASDAQ 100 ENH OPT (QQQY) is Bearish.
Can you provide the RSI signal for DEFIANCE NASDAQ 100 ENH OPT?
DEFIANCE NASDAQ 100 ENH OPT (QQQY) has an RSI value of 47.6443. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DEFIANCE NASDAQ 100 ENH OPT?
The MACD indicator for DEFIANCE NASDAQ 100 ENH OPT (QQQY) has a value of 0.0207234, indicating a bearish trend.
Can you provide the short term momentum for DEFIANCE NASDAQ 100 ENH OPT?
The short term momentum for DEFIANCE NASDAQ 100 ENH OPT (QQQY) is neutral.