Overall CQQQ gets a technical rating of 2 out of 10. CQQQ has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Although the technical rating is bad, CQQQ does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 52.37, a Stop Loss order could be placed below this zone.
More info and screens
47.48
We found 3 important support areas.
- A support zone ranging from 51.58 to 52.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.18 to 50.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.96 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 52.60 to 53.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 54.60 to 54.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 CQQQ is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CQQQ is down. |
| ChartMill Relative Strength | 76.84 | POSITIVE | CQQQ has a high relative strength, it outperformed 76.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CQQQ is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CQQQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CQQQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.36 | NEUTRAL | The RSI value for CQQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests CQQQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.25 | NEUTRAL | The Stochastics value for CQQQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for CQQQ suggests low volalility. |
| Average Directional Index/ADX (14) | 19.68 | NEGATIVE | The low ADX value for CQQQ suggests a weak or negative trend. |
52.56
-0.33 (-0.62%)
INVESCO CHINA TECHNOLOGY ETF / CQQQ FAQ
What is the technical rating for CQQQ stock?
ChartMill assigns a technical rating of 2 / 10 to CQQQ.
What is the trend direction for CQQQ stock?
The current trend direction for INVESCO CHINA TECHNOLOGY ETF (CQQQ) is Bullish.
Can you provide the RSI signal for INVESCO CHINA TECHNOLOGY ETF?
INVESCO CHINA TECHNOLOGY ETF (CQQQ) has an RSI value of 45.3578. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INVESCO CHINA TECHNOLOGY ETF?
The short term momentum for INVESCO CHINA TECHNOLOGY ETF (CQQQ) is negative.
Can you provide the support and resistance levels for INVESCO CHINA TECHNOLOGY ETF?
INVESCO CHINA TECHNOLOGY ETF (CQQQ) has a support level at 52.37 and a resistance level at 52.6. Check the full technical report for our detailed analysis of CQQQ support and resistance levels.