Technical Analysis for QQQ - PowerShares QQQ Trust, Series 1

Grade Last Price % Change Price Change
grade A 200.57 2.12% 4.17
QQQ closed up 2.12 percent on Wednesday, April 8, 2020, on 66 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Flat Down Up
Historical QQQ trend table...

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Crossed Above 200 DMA Bullish 0.00%
NR7 Range Contraction 0.00%
Multiple of Ten Bullish Other 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
200 DMA Resistance Bearish 2.12%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 2.12%
Stochastic Reached Overbought Strength 2.12%
Multiple of Ten Bearish Other 2.12%

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

Is QQQ a Buy, Sell or Hold?

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

Indicators

Indicator Value
52 Week High 237.47
52 Week Low 164.93
Average Volume 69,834,379
200-Day Moving Average 199.81
50-Day Moving Average 206.31
20-Day Moving Average 184.38
10-Day Moving Average 190.44
Average True Range 9.34
ADX 25.46
+DI 25.31
-DI 18.23
Chandelier Exit (Long, 3 ATRs ) 176.29
Chandelier Exit (Short, 3 ATRs ) 192.94
Upper Bollinger Band 201.63
Lower Bollinger Band 167.13
Percent B (%b) 0.97
BandWidth 18.71
MACD Line -2.46
MACD Signal Line -5.69
MACD Histogram 3.2304
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 208.07
Resistance 3 (R3) 207.44 204.30 206.82
Resistance 2 (R2) 204.30 202.39 204.62 206.40
Resistance 1 (R1) 202.44 201.21 203.37 203.07 205.99
Pivot Point 199.30 199.30 199.77 199.62 199.30
Support 1 (S1) 197.44 197.39 198.37 198.07 195.15
Support 2 (S2) 194.30 196.21 194.62 194.74
Support 3 (S3) 192.44 194.30 194.32
Support 4 (S4) 193.07