Technical Analysis for QQQ - PowerShares QQQ Trust, Series 1

Grade Last Price % Change Price Change
A 479.11 -0.52% -2.50
QQQ closed down 0.52 percent on Friday, June 28, 2024, on approximately normal volume. The bulls were able to push the stock to a new 52-week high.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Flat

Date Alert Name Type % Chg
Bearish Engulfing Bearish 0.00%
Three Weeks Tight Range Contraction 0.00%
New 52 Week High Strength 0.00%
Outside Day Range Expansion 0.00%
MACD Bearish Signal Line Cross Bearish -0.52%
Up 3 Days in a Row Strength -0.52%
180 Bullish Setup Bullish Swing Setup -0.06%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -0.06%
Inside Day Range Contraction -0.06%
Gapped Up Strength -0.06%

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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
MSFT B -1.30 8.70
AAPL B -1.63 8.32
NVDA B -0.36 8.05
AMZN B -2.32 5.03
AVGO C 1.19 4.91
META B -2.95 4.62
GOOGL B -1.76 2.81
GOOG B -1.84 2.71
COST B -0.07 2.54
TSLA C 0.23 2.35

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 11 months 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 487.2
52 Week Low 340.4957
Average Volume 33,640,541
200-Day Moving Average 414.36
50-Day Moving Average 452.11
20-Day Moving Average 471.31
10-Day Moving Average 480.17
Average True Range 5.41
RSI (14) 64.54
ADX 30.53
+DI 34.66
-DI 15.22
Chandelier Exit (Long, 3 ATRs) 470.98
Chandelier Exit (Short, 3 ATRs) 458.57
Upper Bollinger Bands 492.82
Lower Bollinger Band 449.79
Percent B (%b) 0.68
BandWidth 9.13
MACD Line 8.02
MACD Signal Line 8.43
MACD Histogram -0.4116
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 492.22
Resistance 3 (R3) 493.46 490.33 490.04
Resistance 2 (R2) 490.33 486.99 489.71 489.31
Resistance 1 (R1) 484.72 484.93 483.16 483.48 488.58
Pivot Point 481.59 481.59 480.81 480.97 481.59
Support 1 (S1) 475.98 478.25 474.42 474.74 469.64
Support 2 (S2) 472.85 476.19 472.23 468.91
Support 3 (S3) 467.24 472.85 468.19
Support 4 (S4) 466.00