Technical Analysis for QQQ - PowerShares QQQ Trust, Series 1

Grade Last Price % Change Price Change
A 496.38 -0.76% -3.78
QQQ closed down 0.76 percent on Wednesday, October 30, 2024, on approximately normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Flat

Date Alert Name Type % Chg
Cup with Handle Other 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Inside Day Range Contraction 0.00%
180 Bullish Setup Bullish Swing Setup -0.76%
Cup with Handle Other -0.76%
Bollinger Band Squeeze Range Contraction -0.76%
Outside Day Range Expansion -0.76%
Up 3 Days in a Row Strength -0.76%
Up 4 Days in a Row Strength -0.76%
Cup with Handle Other 0.20%

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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 B -1.53 8.97
NVDA B -1.36 8.81
MSFT B 0.13 7.95
AVGO B -1.45 5.37
META A -0.25 5.06
AMZN B 1.00 4.98
TSLA B -0.76 2.64
COST D -0.89 2.56
GOOGL B 2.82 2.42
GOOG B 2.92 2.33

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 about 1 year 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 502.8136
52 Week Low 357.8457
Average Volume 30,607,241
200-Day Moving Average 456.67
50-Day Moving Average 481.37
20-Day Moving Average 492.19
10-Day Moving Average 494.50
Average True Range 6.32
RSI (14) 57.98
ADX 18.21
+DI 25.80
-DI 16.38
Chandelier Exit (Long, 3 ATRs) 482.40
Chandelier Exit (Short, 3 ATRs) 496.35
Upper Bollinger Bands 501.43
Lower Bollinger Band 482.95
Percent B (%b) 0.73
BandWidth 3.75
MACD Line 4.26
MACD Signal Line 4.44
MACD Histogram -0.18
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 503.07
Resistance 3 (R3) 503.65 502.00 501.96
Resistance 2 (R2) 502.00 500.30 501.71 501.58
Resistance 1 (R1) 499.19 499.24 498.37 498.61 501.21
Pivot Point 497.54 497.54 497.13 497.25 497.54
Support 1 (S1) 494.73 495.84 493.91 494.15 491.55
Support 2 (S2) 493.08 494.78 492.79 491.18
Support 3 (S3) 490.27 493.08 490.81
Support 4 (S4) 489.69