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 08/31/2019 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 186.74 USD
My targets
191.11 USD (+1.94%)
195.29 USD (+4.17%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on INVESCO QQQ TRUST SERIES 1 as long as the price remains well above 186.74 USD. The buyers” bullish objective is set at 191.11 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 195.29 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

INVESCO QQQ TRUST SERIES 1 rating 187.47 USD. The price registered a decrease of -0.24% on the session and was between 186.41 USD and 188.97 USD. This implies that the price is at +0.57% from its lowest and at -0.79% from its highest.

186.41
188.97
187.47

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.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by INVESCO QQQ TRUST SERIES 1:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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



Technical


A technical analysis in Daily of this INVESCO QQQ TRUST SERIES 1 chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Upside gap

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 170.16 180.73 186.74 187.47 191.11 195.29
Change (%) -9.23% -3.60% -0.39% - +1.94% +4.17%
Change -17.31 -6.74 -0.73 - +3.64 +7.82
Level Major Major Major - Intermediate Major



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
Standard185.13185.90186.91187.68188.69189.47190.47
Camarilla187.43187.59187.76187.92188.08188.25188.41
Woodie185.25185.96187.03187.74188.81189.52190.59
Fibonacci185.90186.58187.00187.68188.36188.78189.47


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard171.37176.46179.27184.36187.17192.26195.07
Camarilla179.90180.62181.35182.07182.79183.52184.24
Woodie170.22175.89178.12183.79186.02191.69193.92
Fibonacci176.46179.48181.35184.36187.38189.25192.26


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard180.63184.51187.80191.68194.97198.85202.14
Camarilla189.13189.79190.44191.10191.76192.42193.07
Woodie180.35184.36187.52191.53194.69198.70201.86
Fibonacci184.51187.25188.94191.68194.42196.11198.85

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 51.01
MACD (12,26,9): -0.6500
Directional Movement: 0.67
AROON (14): -14.29
DEMA (21): 185.68
Parabolic SAR (0,02-0,02-0,2): 181.62
Elder Ray (13): 1.41
Super Trend (3,10): 191.21
Zig ZAG (10): 187.47
VORTEX (21): 0.8300
Stochastique (14,3,5): 66.51
TEMA (21): 185.26
Williams %R (14): -25.94
Chande Momentum Oscillator (20): 4.71
Repulse (5,40,3): -0.5800
ROCnROLL: 1
TRIX (15,9): -0.0800
Courbe Coppock: 0.97
MA7: 185.69
MA20: 185.52
MA50: 188.83
MA100: 186.29
MAexp7: 186.30
MAexp20: 186.63
MAexp50: 186.98
MAexp100: 185.05
Price / MA7: +0.96%
Price / MA20: +1.05%
Price / MA50: -0.72%
Price / MA100: +0.63%
Price / MAexp7: +0.63%
Price / MAexp20: +0.45%
Price / MAexp50: +0.26%
Price / MAexp100: +1.31%

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

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