INVESCO QQQ TRUST SERIES 1 - 15 min. - Technical analysis published on 01/26/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 285.76 USD
My targets
292.94 USD (+0.87%)
297.51 USD (+2.45%)
My analysis
INVESCO QQQ TRUST SERIES 1 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 285.76 USD. The next resistance located at 292.94 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 297.51 USD. After this resistance, buyers could then target 313.02 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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This analysis was given by kenneth6411a. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INVESCO QQQ TRUST SERIES 1 rating is 290.41 USD. On the day, this instrument gained +0.93% with the lowest point at 289.93 USD and the highest point at 292.64 USD. The deviation from the price is +0.17% for the low point and -0.76% for the high point.289.93
292.64
290.41
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 15 min. shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 279.65 | 284.69 | 290.31 | 290.41 | 296.82 | 313.02 | 323.62 |
| Change (%) | -3.71% | -1.97% | -0.03% | - | +2.21% | +7.79% | +11.44% |
| Change | -10.76 | -5.72 | -0.10 | - | +6.41 | +22.61 | +33.21 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Minor |
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 | 275.97 | 278.58 | 283.15 | 285.76 | 290.33 | 292.94 | 297.51 |
| Camarilla | 285.76 | 286.41 | 287.07 | 287.73 | 288.39 | 289.05 | 289.71 |
| Woodie | 276.96 | 279.07 | 284.14 | 286.25 | 291.32 | 293.43 | 298.50 |
| Fibonacci | 278.58 | 281.32 | 283.01 | 285.76 | 288.50 | 290.19 | 292.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 265.35 | 269.62 | 276.15 | 280.42 | 286.95 | 291.22 | 297.75 |
| Camarilla | 279.71 | 280.70 | 281.69 | 282.68 | 283.67 | 284.66 | 285.65 |
| Woodie | 266.48 | 270.19 | 277.28 | 280.99 | 288.08 | 291.79 | 298.88 |
| Fibonacci | 269.62 | 273.75 | 276.29 | 280.42 | 284.55 | 287.09 | 291.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 215.51 | 237.62 | 251.95 | 274.06 | 288.39 | 310.50 | 324.83 |
| Camarilla | 256.26 | 259.60 | 262.94 | 266.28 | 269.62 | 272.96 | 276.30 |
| Woodie | 211.62 | 235.68 | 248.06 | 272.12 | 284.50 | 308.56 | 320.94 |
| Fibonacci | 237.62 | 251.54 | 260.14 | 274.06 | 287.98 | 296.58 | 310.50 |
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): | 61.76 | |
| MACD (12,26,9): | 0.4800 | |
| Directional Movement: | 9.73 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 286.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 288.36 | |
| Elder Ray (13): | 0.46 | |
| Super Trend (3,10): | 285.07 | |
| Zig ZAG (10): | 287.73 | |
| VORTEX (21): | 1.3000 | |
| Stochastique (14,3,5): | 78.99 | |
| TEMA (21): | 287.64 | |
| Williams %R (14): | -15.33 | |
| Chande Momentum Oscillator (20): | 2.96 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.08 |
| MA7: | 283.19 | |
| MA20: | 274.01 | |
| MA50: | 278.84 | |
| MA100: | 278.56 | |
| MAexp7: | 287.27 | |
| MAexp20: | 286.47 | |
| MAexp50: | 286.22 | |
| MAexp100: | 285.14 | |
| Price / MA7: | +2.55% | |
| Price / MA20: | +5.99% | |
| Price / MA50: | +4.15% | |
| Price / MA100: | +4.25% | |
| Price / MAexp7: | +1.09% | |
| Price / MAexp20: | +1.38% | |
| Price / MAexp50: | +1.46% | |
| Price / MAexp100: | +1.85% |
Quotes :
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15 min delayed data
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This member declared not having a position on this financial instrument or a related financial instrument.
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