INVESCO QQQ TRUST SERIES 1 - 1H - Technical analysis published on 09/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 465.24 USD
My targets
456.74 USD (-0.42%)
445.66 USD (-2.83%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 465.24 USD remains possible. It is advisable to trade INVESCO QQQ TRUST SERIES 1 with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 465.24 USD. The next bearish objective for sellers is set at 456.74 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 445.66 USD. In case of crossing, the next objective would be the support located at 434.37 USD. PS: if there is a bullish break in the resistance located at 465.24 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish 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
0
10
0.9
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This analysis was given by aljoeed. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INVESCO QQQ TRUST SERIES 1 rating is 458.66 USD. The price registered an increase of +0.92% on the session and was traded between 452.23 USD and 459.17 USD over the period. The price is currently at +1.42% from its lowest and -0.11% from its highest.452.23
459.17
458.66
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
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 this 1H chart of INVESCO QQQ TRUST SERIES 1 indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 434.37 | 445.66 | 457.95 | 458.66 | 465.24 | 482.48 | 502.96 |
| Change (%) | -5.30% | -2.83% | -0.15% | - | +1.43% | +5.19% | +9.66% |
| Change | -24.29 | -13.00 | -0.71 | - | +6.58 | +23.82 | +44.30 |
| Level | Minor | Major | Minor | - | Intermediate | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 447.26 | 449.75 | 454.20 | 456.69 | 461.14 | 463.63 | 468.08 |
| Camarilla | 456.75 | 457.39 | 458.02 | 458.66 | 459.30 | 459.93 | 460.57 |
| Woodie | 448.25 | 450.24 | 455.19 | 457.18 | 462.13 | 464.12 | 469.07 |
| Fibonacci | 449.75 | 452.40 | 454.04 | 456.69 | 459.34 | 460.98 | 463.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 415.00 | 431.60 | 440.14 | 456.74 | 465.28 | 481.88 | 490.42 |
| Camarilla | 441.78 | 444.08 | 446.39 | 448.69 | 451.00 | 453.30 | 455.60 |
| Woodie | 410.98 | 429.59 | 436.12 | 454.73 | 461.26 | 479.87 | 486.40 |
| Fibonacci | 431.60 | 441.20 | 447.13 | 456.74 | 466.34 | 472.27 | 481.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 375.88 | 399.66 | 437.97 | 461.75 | 500.06 | 523.84 | 562.15 |
| Camarilla | 459.20 | 464.89 | 470.58 | 476.27 | 481.96 | 487.65 | 493.35 |
| Woodie | 383.14 | 403.29 | 445.23 | 465.38 | 507.32 | 527.47 | 569.41 |
| Fibonacci | 399.66 | 423.38 | 438.04 | 461.75 | 485.47 | 500.13 | 523.84 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.73 | |
| MACD (12,26,9): | -0.7200 | |
| Directional Movement: | 3.39 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 453.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 450.80 | |
| Elder Ray (13): | 2.93 | |
| Super Trend (3,10): | 449.89 | |
| Zig ZAG (10): | 458.67 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 93.41 | |
| TEMA (21): | 456.11 | |
| Williams %R (14): | -5.35 | |
| Chande Momentum Oscillator (20): | 8.33 | |
| Repulse (5,40,3): | 0.5400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 2.29 |
| MA7: | 460.22 | |
| MA20: | 469.46 | |
| MA50: | 471.34 | |
| MA100: | 461.72 | |
| MAexp7: | 456.38 | |
| MAexp20: | 455.68 | |
| MAexp50: | 459.72 | |
| MAexp100: | 463.75 | |
| Price / MA7: | -0.34% | |
| Price / MA20: | -2.30% | |
| Price / MA50: | -2.69% | |
| Price / MA100: | -0.66% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | +0.66% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -1.10% |
Quotes :
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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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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