Technical Analysis for QQQ - PowerShares QQQ Trust, Series 1

Grade Last Price % Change Price Change
C 441.17 0.25% 1.11
QQQ closed down 0.06 percent on Wednesday, May 8, 2024, on 56 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
MACD Bullish Centerline Cross Bullish 0.25%
Overbought Stochastic Strength 0.25%
Gapped Down Weakness 0.25%
NR7 Range Contraction 0.19%
Narrow Range Bar Range Contraction 0.19%
Overbought Stochastic Strength 0.19%
Up 3 Days in a Row Strength 0.19%
Up 4 Days in a Row Strength 0.19%
Crossed Above 50 DMA Bullish 0.21%
Stochastic Reached Overbought Strength 0.21%

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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 D 0.19 8.57
AAPL B 0.63 7.68
NVDA C -1.22 6.29
AMZN A 1.54 5.39
AVGO D -1.16 4.59
META D 0.55 4.34
GOOGL A -0.11 2.81
GOOG A -0.16 2.73
TSLA D -0.95 2.68
COST A 1.57 2.39

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 9 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 about 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 about 1 year ago

test

0 Reply

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Indicators

Indicator Value
52 Week High 449.34
52 Week Low 320.7937
Average Volume 44,647,169
200-Day Moving Average 398.65
50-Day Moving Average 436.43
20-Day Moving Average 429.87
10-Day Moving Average 431.73
Average True Range 6.48
RSI (14) 57.08
ADX 14.45
+DI 28.01
-DI 26.32
Chandelier Exit (Long, 3 ATRs) 426.88
Chandelier Exit (Short, 3 ATRs) 432.52
Upper Bollinger Bands 445.73
Lower Bollinger Band 414.01
Percent B (%b) 0.82
BandWidth 7.38
MACD Line 0.29
MACD Signal Line -1.74
MACD Histogram 2.0341
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 445.93
Resistance 3 (R3) 445.74 443.61 444.95
Resistance 2 (R2) 443.61 442.11 443.70 444.62
Resistance 1 (R1) 441.83 441.19 442.72 442.02 444.30
Pivot Point 439.70 439.70 440.14 439.79 439.70
Support 1 (S1) 437.92 438.20 438.81 438.11 435.82
Support 2 (S2) 435.79 437.28 435.88 435.50
Support 3 (S3) 434.01 435.79 435.17
Support 4 (S4) 434.20