INVESCO QQQ TRUST SERIES 1 - Daily - Technical analysis published on 09/12/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
17%
44%
39%
My opinion
Bearish under 285.42 USD
My targets
265.72 USD (-1.75%)
253.30 USD (-6.34%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for INVESCO QQQ TRUST SERIES 1 as long as the price remains well below 285.42 USD. The next bearish objective for sellers is set at 265.72 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 253.30 USD. In case of crossing, the next objective would be the support located at 236.98 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 265.72 USD. With this support, against the trend traders who want to buy INVESCO QQQ TRUST SERIES 1 on a buy signal from their trading strategy should not hesitate to act.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
1.3
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INVESCO QQQ TRUST SERIES 1 price is 270.45 USD. The price registered a decrease of -0.69% on the session and was between 266.90 USD and 275.22 USD. This implies that the price is at +1.33% from its lowest and at -1.73% from its highest.266.90
275.22
270.45
Here is a more detailed summary of the historical variations registered by INVESCO QQQ TRUST SERIES 1:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of INVESCO QQQ TRUST SERIES 1 in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, only 8 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 218.47 | 236.98 | 265.72 | 270.45 | 302.76 |
| Change (%) | -19.22% | -12.38% | -1.75% | - | +11.95% |
| Change | -51.98 | -33.47 | -4.73 | - | +32.31 |
| Level | Minor | Major | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 256.23 | 263.40 | 267.87 | 275.03 | 279.50 | 286.67 | 291.14 |
| Camarilla | 269.14 | 270.21 | 271.27 | 272.34 | 273.41 | 274.47 | 275.54 |
| Woodie | 254.89 | 262.72 | 266.52 | 274.36 | 278.16 | 285.99 | 289.79 |
| Fibonacci | 263.40 | 267.84 | 270.59 | 275.03 | 279.48 | 282.22 | 286.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 237.39 | 254.59 | 269.09 | 286.29 | 300.79 | 317.99 | 332.49 |
| Camarilla | 274.86 | 277.77 | 280.67 | 283.58 | 286.49 | 289.39 | 292.30 |
| Woodie | 236.03 | 253.92 | 267.73 | 285.62 | 299.43 | 317.32 | 331.13 |
| Fibonacci | 254.59 | 266.70 | 274.18 | 286.29 | 298.40 | 305.88 | 317.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 241.98 | 253.30 | 274.09 | 285.42 | 306.21 | 317.53 | 338.32 |
| Camarilla | 286.05 | 288.99 | 291.94 | 294.88 | 297.82 | 300.77 | 303.71 |
| Woodie | 246.71 | 255.67 | 278.82 | 287.78 | 310.94 | 319.90 | 343.05 |
| Fibonacci | 253.30 | 265.57 | 273.15 | 285.42 | 297.69 | 305.27 | 317.53 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.18 | |
| MACD (12,26,9): | 1.8700 | |
| Directional Movement: | -7.83 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 284.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 296.71 | |
| Elder Ray (13): | -9.77 | |
| Super Trend (3,10): | 296.23 | |
| Zig ZAG (10): | 270.45 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 13.97 | |
| TEMA (21): | 280.49 | |
| Williams %R (14): | -90.30 | |
| Chande Momentum Oscillator (20): | -15.41 | |
| Repulse (5,40,3): | -4.3500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2900 | |
| Courbe Coppock: | 0.45 |
| MA7: | 280.62 | |
| MA20: | 283.38 | |
| MA50: | 271.38 | |
| MA100: | 251.23 | |
| MAexp7: | 278.12 | |
| MAexp20: | 280.31 | |
| MAexp50: | 270.64 | |
| MAexp100: | 255.38 | |
| Price / MA7: | -3.62% | |
| Price / MA20: | -4.56% | |
| Price / MA50: | -0.34% | |
| Price / MA100: | +7.65% | |
| Price / MAexp7: | -2.76% | |
| Price / MAexp20: | -3.52% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | +5.90% |
Quotes :
2020-09-11 19:59:59
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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