INVESCO NASDAQ 100 ETF (QQQM) Stock Technical Analysis
NASDAQ:QQQM - Nasdaq - US46138G6492 - ETF - Currency: USD
Overall QQQM gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, QQQM did better than 79% of all other stocks. On top of that, QQQM also shows a nice and consistent pattern of rising prices.
QQQM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
QQQM has an average volume of 2180560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month QQQM has a been trading in a tight range between 210.04 and 222.64.
QQQM has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
182.81
224.33
When analyzing the support we can see 5 important areas.
- A support zone ranging from 211.62 to 215.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @207.94 from a horizontal line in the daily time frame.
- Support @204.35 from a horizontal line in the daily time frame.
- Support @199.67 from a horizontal line in the daily time frame.
- Support @184.66 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 217.29 to 222.11. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS79.33
Mansfield0.2
10 Day High222.64
10 Day Low214.9
20 Day High222.64
20 Day Low210.04
52 Week High222.64
52 Week Low169.96
Performance
1 Week-1.81%
2 Weeks-0.66%
1 Month-1.23%
3 Month4.05%
6 Month9.66%
12 Month20.47%
2 Year79.33%
3 Year51.7%
5 YearN/A
10 YearN/A
15 YearN/A
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)0.12
RSI(14)48.85
LBB213.01
UBB223.63
216.61
-4.57 (-2.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.07%
1 Week-1.81%
2 Weeks-0.66%
1 Month-1.23%
3 Month4.05%
6 Month9.66%
12 Month20.47%
2 Year79.33%
3 Year51.7%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.8
ATR(20)%1.48%
ATR Inc45.75%
Range Today5.18
ADR(20)2.82
ADR(20)%1.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.33
Mansfield0.2
10 Day High222.64
10 Day Low214.9
20 Day High222.64
20 Day Low210.04
52 Week High222.64
52 Week Low169.96
CS1 End215.97
CR1 Start217.29
Volume & EV
DER(3)-1.21%
DER(5)1.15%
Volume2.30M
Volume Incr-25.4%
Vol(5)1.72M
Vol(50)2.18M