BETAPRO NASDAQ-100 2X DAILY (QQU.CA) Stock Technical Analysis
TSX:QQU - CA08662F1080 - ETF
We assign a technical rating of 6 out of 10 to QQU. Although QQU is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, QQU does present a nice setup opportunity. 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 27.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.22, a Stop Loss order could be placed below this zone.
More info and screens
25.25
2 important support areas can be observed.
- A support zone ranging from 25.99 to 27.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.50 to 25.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 27.78 to 27.93. 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 | UP | POSITIVE | The long term trend for QQU.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QQU.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | QQU.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of QQU.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QQU.CA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 59.98 | NEUTRAL | The RSI value for QQU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests QQU.CA has a positive trend. |
| Stochastics (14,3) | 92.81 | OVERBOUGHT | The high Stochastics value suggests QQU.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for QQU.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.37 | NEGATIVE | The low ADX value for QQU.CA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 27.94 | 25.79 | 2.15 (7.70%) | 13.00% |
| An entry @27.94. This is a Buy Stop order right above the resistance zone. | An exit @25.79. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.15 points, which is 7.70%. | For a 1.00% total portfolio risk, you can invest 13.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:QQU (9/10/2025, 7:00:00 PM)
27.77
+0.02 (+0.07%)