Technical Analysis for QQQ - PowerShares QQQ Trust, Series 1

Grade Last Price % Change Price Change
D 462.97 1.03% 4.70
QQQ closed up 1.03 percent on Friday, July 26, 2024, on 1.24 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down

Date Alert Name Type % Chg
Lower Bollinger Band Walk Weakness 0.00%
Inside Day Range Contraction 0.00%
Gapped Up Strength 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bearish Centerline Cross Bearish 1.03%
Expansion Pivot Sell Setup Bearish Swing Setup 1.03%
Below Lower BB Weakness 1.03%
Down 3 Days in a Row Weakness 1.03%
Lower Bollinger Band Touch Weakness 1.03%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 6 hours ago
60 Minute Opening Range Breakout about 8 hours ago
Up 1% about 9 hours ago
1.5x Volume Pace about 10 hours ago
Gap Up Partially Closed about 10 hours ago

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Profile

PowerShares Capital Management LLC is passionate about our goal of delivering the highest quality investment management available through one of the more benefit-rich investment vehicles ever created, the exchange-traded fund. PowerShares QQQ, formerly known as "QQQ" or the "NASDAQ-100 Index Tracking Stock", is an exchange-traded fund based on the Nasdaq-100 Index. The Fund will, under most circumstances, consists of all of stocks in the Index. The Index includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization. The Fund and the Index are rebalanced quarterly and reconstituted annually.
Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Stock Market Index Nasdaq 100 Invesco Powershares Nasdaq Composite Index Nasdaq 100 Index

Top 10 Components

Symbol Grade Price % Change Allocation
AAPL C 0.22 8.91
MSFT D 1.64 8.49
NVDA D 0.69 7.72
AVGO D 1.59 4.98
AMZN D 1.47 4.96
META D 2.71 4.30
TSLA C -0.20 3.12
GOOGL D -0.17 2.71
GOOG D -0.28 2.61
COST D 0.34 2.49

Is QQQ a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Comments

T

TraderMike 12 months ago

Well this invalidated yesterday's hammer candlestick with today's close below the hammer's low.  It's feeling pretty heavy right now and that's no surprise given the action in many of its top components like AAPL, MSFT, NVDA (broke its 50 DMA today), TSLA & AVGO.  Seems like big cap tech needs some kind of catalyst to break it from its current funk but I have no idea what that catalyst might be.  NVDA earnings in a couple of weeks?

0 Reply
T

TraderMike over 1 year ago

The relative strength here is unreal!  Tagged the upper Bollinger Band today.  Looks like big cap tech may drag the rest of the market up kicking & screaming  

0 Reply
T

TraderMike over 1 year ago

test

0 Reply

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Indicators

Indicator Value
52 Week High 503.52
52 Week Low 340.4957
Average Volume 32,082,060
200-Day Moving Average 426.17
50-Day Moving Average 472.76
20-Day Moving Average 484.83
10-Day Moving Average 477.66
Average True Range 7.86
RSI (14) 38.27
ADX 30.8
+DI 14.81
-DI 37.10
Chandelier Exit (Long, 3 ATRs) 479.95
Chandelier Exit (Short, 3 ATRs) 479.20
Upper Bollinger Bands 509.62
Lower Bollinger Band 460.04
Percent B (%b) 0.06
BandWidth 10.23
MACD Line -2.15
MACD Signal Line 2.55
MACD Histogram -4.7059
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 472.18
Resistance 3 (R3) 472.14 469.03 470.65
Resistance 2 (R2) 469.03 466.68 469.05 470.13
Resistance 1 (R1) 466.00 465.24 467.52 466.04 469.62
Pivot Point 462.89 462.89 463.65 462.91 462.89
Support 1 (S1) 459.86 460.54 461.38 459.90 456.32
Support 2 (S2) 456.75 459.10 456.77 455.81
Support 3 (S3) 453.72 456.75 455.29
Support 4 (S4) 453.76