Technical Analysis for QQQ - PowerShares QQQ Trust, Series 1
|Grade||Last Price||% Change||Price Change|
QQQ closed down 0.37 percent on Thursday, October 19, 2017, on approximately normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
|Weak or Absent||Up||Up||Flat|
|See historical QQQ trend table...|
|Date||Alert Name||Type||% Chg|
|Oct 19||Hammer Candlestick||Bullish||0.00%|
|Oct 19||Stochastic Sell Signal||Bearish||0.00%|
|Oct 19||Slingshot Bullish||Bullish Swing Setup||0.00%|
|Oct 18||New 52 Week High||Other||-0.37%|
|Oct 17||New 52 Week High||Other||-0.49%|
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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 QQQâ¢, formerly known as "QQQ" or the "NASDAQ- 100 Index Tracking StockÂ®", is an exchange-traded fund based on the Nasdaq-100 IndexÂ®. The Fund will, under most circumstances, consists of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The Fund and the Index are rebalanced quarterly and reconstituted annually.
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.|
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|52 Week High||149.21|
|52 Week Low||113.45|
|200-Day Moving Average||137.1662|
|50-Day Moving Average||145.0727|
|20-Day Moving Average||146.577|
|10-Day Moving Average||148.196|
|Average True Range||1.0326|
|Chandelier Exit (Long, 3 ATRs )||146.1122|
|Chandelier Exit (Short, 3 ATRs )||145.1978|
|Upper Bollinger Band||150.3995|
|Lower Bollinger Band||142.7545|
|Percent B (%b)||0.73|
|MACD Signal Line||0.9555|
|Pivot Point Level||Traditional / Classic||Fibonacci||Demark||Woodie||Camarilla|
|Resistance 4 (R4)||149.90|
|Resistance 3 (R3)||149.73||149.03||149.64|
|Resistance 2 (R2)||149.03||148.63||149.12||149.55|
|Resistance 1 (R1)||148.67||148.37||148.85||148.84||149.46|
|Support 1 (S1)||147.61||147.57||147.79||147.78||147.16|
|Support 2 (S2)||146.91||147.31||147.00||147.07|
|Support 3 (S3)||146.55||146.91||146.99|
|Support 4 (S4)||146.72|