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.
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 24.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.86, a Stop Loss order could be placed below this zone.
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22.98
When analyzing the support we notice one important area.
- A support zone ranging from 23.21 to 23.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 24.03 to 24.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 18.62 | NEGATIVE | QQQY has a low relative strength, it was outperformed by 81.38% 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) | 46.75 | NEUTRAL | The RSI value for QQQY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests QQQY has a positive trend. |
| Stochastics (14,3) | 53.65 | 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) | 28.99 | POSITIVE | The high ADX value value for QQQY suggests a strong trend. |
23.975
+0.02 (+0.06%)
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.
Can you provide the trend direction for DEFIANCE NASDAQ 100 WEEKLY D?
The current trend direction for DEFIANCE NASDAQ 100 WEEKLY D (QQQY) is Bearish.
Can you provide the RSI signal for DEFIANCE NASDAQ 100 WEEKLY D?
DEFIANCE NASDAQ 100 WEEKLY D (QQQY) has an RSI value of 46.7478. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DEFIANCE NASDAQ 100 WEEKLY D?
The MACD indicator for DEFIANCE NASDAQ 100 WEEKLY D (QQQY) has a value of 0.0310634, indicating a bearish trend.
Can you provide the short term momentum for DEFIANCE NASDAQ 100 WEEKLY D?
The short term momentum for DEFIANCE NASDAQ 100 WEEKLY D (QQQY) is negative.