INVESCO QQQ TRUST SERIES 1

QQQ

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	ETF
Ticker:	QQQ
ISIN:

INVESCO QQQ TRUST SERIES 1 - Daily - Technical analysis published on 03/18/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

11%

44%

My opinion

Bullish above 425.61 USD

My targets

445.48 USD (+2.66%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on INVESCO QQQ TRUST SERIES 1. As long as you are above the support located at 425.61 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 445.48 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 425.61 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by mparekh9. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The INVESCO QQQ TRUST SERIES 1 rating is 433.92 USD. The price registered a decrease of -1.19% on the session and was traded between 432.74 USD and 436.78 USD over the period. The price is currently at +0.27% from its lowest and -0.65% from its highest.

432.74

436.78

433.92

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by INVESCO QQQ TRUST SERIES 1:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of INVESCO QQQ TRUST SERIES 1 in Daily shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	397.73	411.50	425.61	433.92	445.48
Change (%)	-8.34%	-5.17%	-1.92%	-	+2.66%
Change	-36.19	-22.42	-8.31	-	+11.56
Level	Major	Minor	Intermediate	-	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	427.56	429.86	431.60	433.90	435.64	437.94	439.68
Camarilla	432.23	432.60	432.97	433.34	433.71	434.08	434.45
Woodie	427.28	429.72	431.32	433.76	435.36	437.80	439.40
Fibonacci	429.86	431.40	432.36	433.90	435.44	436.40	437.94

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	416.68	424.88	431.65	439.85	446.62	454.82	461.59
Camarilla	434.31	435.69	437.06	438.43	439.80	441.18	442.55
Woodie	415.98	424.52	430.95	439.49	445.92	454.46	460.89
Fibonacci	424.88	430.60	434.13	439.85	445.57	449.10	454.82

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	401.02	409.14	423.77	431.89	446.52	454.64	469.27
Camarilla	432.15	434.24	436.33	438.41	440.50	442.58	444.67
Woodie	404.29	410.77	427.04	433.52	449.79	456.27	472.54
Fibonacci	409.14	417.83	423.20	431.89	440.58	445.95	454.64

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):	48.92
MACD (12,26,9):	3.2200
Directional Movement:	0.20
AROON (14):	-35.71
DEMA (21):	442.00
Parabolic SAR (0,02-0,02-0,2):	448.40
Elder Ray (13):	-3.65
Super Trend (3,10):	429.48
Zig ZAG (10):	433.92
VORTEX (21):	0.9000
Stochastique (14,3,5):	29.36
TEMA (21):	439.97
Williams %R (14):	-92.58
Chande Momentum Oscillator (20):	-1.35
Repulse (5,40,3):	-0.8700
ROCnROLL:	-1
TRIX (15,9):	0.1500
Courbe Coppock:	2.22

MA7:	439.83
MA20:	437.50
MA50:	427.28
MA100:	405.85
MAexp7:	438.56
MAexp20:	437.00
MAexp50:	427.09
MAexp100:	410.83
Price / MA7:	-1.34%
Price / MA20:	-0.82%
Price / MA50:	+1.55%
Price / MA100:	+6.92%
Price / MAexp7:	-1.06%
Price / MAexp20:	-0.70%
Price / MAexp50:	+1.60%
Price / MAexp100:	+5.62%

Quotes : - 15 min delayed data - NASDAQ Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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