Technical Analysis for QQQE - Direxion NASDAQ-100 Equal Weighted Index Shares

Grade Last Price % Change Price Change
grade B 43.09 0.09% 0.04
QQQE closed up 0.09 percent on Wednesday, January 16, 2019, on 58 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 price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star 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.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Up Up
See historical QQQE trend table...

Date Alert Name Type % Chg
Jan 16 Shooting Star Candlestick Bearish 0.00%
Jan 16 Lizard Bearish Bearish Day Trade Setup 0.00%
Jan 16 Narrow Range Bar Range Contraction 0.00%
Jan 16 NR7 Range Contraction 0.00%
Jan 16 Doji - Bearish? Reversal 0.00%
Jan 16 Overbought Stochastic Strength 0.00%
Jan 15 Crossed Above 50 DMA Bullish 0.09%
Jan 15 Overbought Stochastic Strength 0.09%
Jan 14 Fell Below 50 DMA Bearish 1.15%
Jan 14 Stochastic Sell Signal Bearish 1.15%

Older signals for QQQE ...

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Profile
The investment seeks investment results, before fees and expenses, that track the NASDAQ-100® Equal Weighted Index. The fund invests at least 80% of its assets in the equity securities that comprise the index and/or investments that have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is the equal weighted version of the NASDAQ-100 Index® which includes 100 of the largest domestic and international non-financial securities listed on The NASDAQ® Stock Market (the "NASDAQ®") based on market capitalization. The fund is non-diversified.
Is QQQE a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 2 bullish, 1 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 47.98
52 Week Low 38.25
Average Volume 46,831
200-Day Moving Average 44.8519
50-Day Moving Average 42.6581
20-Day Moving Average 41.2645
10-Day Moving Average 42.307
Average True Range 0.8587
ADX 17.17
+DI 26.3584
-DI 21.7467
Chandelier Exit (Long, 3 ATRs ) 40.7439
Chandelier Exit (Short, 3 ATRs ) 40.8261
Upper Bollinger Band 44.0987
Lower Bollinger Band 38.4303
Percent B (%b) 0.82
BandWidth 13.736747
MACD Line 0.1772
MACD Signal Line -0.1784
MACD Histogram 0.3556
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 43.47
Resistance 3 (R3) 43.50 43.41 43.40
Resistance 2 (R2) 43.41 43.31 43.39 43.38
Resistance 1 (R1) 43.25 43.26 43.33 43.22 43.36
Pivot Point 43.16 43.16 43.20 43.14 43.16
Support 1 (S1) 43.00 43.06 43.08 42.97 42.82
Support 2 (S2) 42.91 43.01 42.89 42.80
Support 3 (S3) 42.75 42.91 42.78
Support 4 (S4) 42.72