INVESCO QQQ TRUST SERIES 1 (QQQ) Stock Technical Analysis
NASDAQ:QQQ - Nasdaq - US46090E1038 - ETF
We assign a technical rating of 8 out of 10 to QQQ. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, QQQ is showing a nice and steady performance.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that QQQ is one of the better performing stocks in the market, outperforming 75% of all stocks. On top of that, QQQ also shows a nice and consistent pattern of rising prices.
QQQ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so QQQ is lagging the market slightly.
In the last month QQQ has a been trading in the 499.70 - 531.24 range, which is quite wide. It is currently trading near the high of this range.
QQQ has an average volume of 30550600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, QQQ also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 530.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 517.13, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
444.19
543.56
5 important support areas can be observed.
- A support zone ranging from 505.07 to 517.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 494.64 to 496.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @485.21 from a horizontal line in the daily time frame.
- Support @465.08 from a trend line in the daily time frame.
- Support @448.68 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 530.54 to 538.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.98
Mansfield0.13
10 Day High527.92
10 Day Low499.7
20 Day High531.24
20 Day Low499.7
52 Week High539.15
52 Week Low413.07
Performance
1 Week3.81%
2 Weeks1.2%
1 Month1.61%
3 Month5.95%
6 Month13.36%
12 Month23.83%
2 Year78.13%
3 Year44.55%
5 Year139.56%
10 Year419.09%
15 Year1126.45%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.3
RSI(14)56.27
LBB502.25
UBB527
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 |
|---|---|---|---|
| 538.19 | 499.69 | 38.50 (7.15%) | 13.98% |
| An entry @538.19. This is a Buy Stop order right above the resistance zone. | An exit @499.69. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 38.50 points, which is 7.15%. | For a 1.00% total portfolio risk, you can invest 13.98% 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.
INVESCO QQQ TRUST SERIES 1
NASDAQ:QQQ (1/21/2025, 8:22:52 PM)
After market: 527.62 +2.82 (+0.54%)524.8
+3.06 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.59%
1 Week3.81%
2 Weeks1.2%
1 Month1.61%
3 Month5.95%
6 Month13.36%
12 Month23.83%
2 Year78.13%
3 Year44.55%
5 Year139.56%
10 Year419.09%
15 Year1126.45%
Volatility
ATR(14)9.29
ATR(20)%1.76%
ATR Inc-8.86%
Range Today5.91
ADR(20)7.99
ADR(20)%1.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.98
Mansfield0.13
10 Day High527.92
10 Day Low499.7
20 Day High531.24
20 Day Low499.7
52 Week High539.15
52 Week Low413.07
CS1 End517.13
CR1 Start530.54
Volume & EV
DER(3)-2.53%
DER(5)-1.26%
Volume23.63M
Volume Incr1.44%
Vol(5)34.48M
Vol(50)30.55M