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

Grade Last Price % Change Price Change
grade A 61.75 0.49% 0.30
QQQE closed up 0.49 percent on Friday, July 10, 2020, on 32 percent of normal volume. The bulls were able to push the stock to a new 52-week high. 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 Up Up Up
Historical QQQE trend table...

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
New 52 Week High Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
New 52 Week Closing High Bullish 0.49%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.49%
Reversal New Highs Setup Bullish Swing Setup 0.49%
Doji - Bearish? Reversal 0.49%
Outside Day Range Expansion 0.49%
Overbought Stochastic Strength 0.49%

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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.
Exchange Traded Fund ETF Index Fund Stock Market Index Security Nasdaq Nasdaq Composite Index

Top 10 Components

Symbol Grade Percentage
ZM 0.00
XLNX 0.00
XEL 0.00
WDC 0.00
WDAY 0.00
WBA 0.00
VRTX 0.00
VRSN 0.00
VRSK 0.00
ULTA 0.00
View All QQQE Holdings

Is QQQE 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 61.75
52 Week Low 40.13
Average Volume 62,378
200-Day Moving Average 53.38
50-Day Moving Average 57.02
20-Day Moving Average 59.54
10-Day Moving Average 60.24
Average True Range 1.08
ADX 18.25
+DI 31.38
-DI 18.12
Chandelier Exit (Long, 3 ATRs ) 58.52
Chandelier Exit (Short, 3 ATRs ) 59.24
Upper Bollinger Band 62.04
Lower Bollinger Band 57.04
Percent B (%b) 0.94
BandWidth 8.40
MACD Line 1.20
MACD Signal Line 1.10
MACD Histogram 0.0994
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 62.98
Resistance 3 (R3) 62.84 62.30 62.78
Resistance 2 (R2) 62.30 61.98 62.37 62.71
Resistance 1 (R1) 62.02 61.79 62.16 62.16 62.64
Pivot Point 61.48 61.48 61.55 61.55 61.48
Support 1 (S1) 61.20 61.16 61.34 61.34 60.86
Support 2 (S2) 60.66 60.97 60.73 60.79
Support 3 (S3) 60.38 60.66 60.73
Support 4 (S4) 60.52