INVESCO QQQ TRUST SERIES 1 - 1H - Technical analysis published on 01/30/2023 (GMT)
- 122
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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 290.21 USD
My targets
297.75 USD (+0.50%)
310.50 USD (+4.81%)
My analysis
The bullish trend is currently very strong on INVESCO QQQ TRUST SERIES 1. As long as the price remains above the support at 290.21 USD, you could try to benefit from the boom. The first bullish objective is located at 297.75 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 310.50 USD as an objective. Crossing it would then enable buyers to target 313.02 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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 kenneth6411a. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INVESCO QQQ TRUST SERIES 1 price is 296.26 USD. On the day, this instrument gained +1.00% with the lowest point at 291.88 USD and the highest point at 298.26 USD. The deviation from the price is +1.50% for the low point and -0.67% for the high point.291.88
298.26
296.26
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of INVESCO QQQ TRUST SERIES 1 indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 273.87 | 279.65 | 290.21 | 296.26 | 296.82 | 313.02 | 323.62 |
| Change (%) | -7.56% | -5.61% | -2.04% | - | +0.19% | +5.66% | +9.24% |
| Change | -22.39 | -16.61 | -6.05 | - | +0.56 | +16.76 | +27.36 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Minor |
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 | 286.29 | 289.09 | 292.67 | 295.47 | 299.05 | 301.85 | 305.43 |
| Camarilla | 294.51 | 295.09 | 295.68 | 296.26 | 296.85 | 297.43 | 298.02 |
| Woodie | 286.69 | 289.29 | 293.07 | 295.67 | 299.45 | 302.05 | 305.83 |
| Fibonacci | 289.09 | 291.52 | 293.03 | 295.47 | 297.90 | 299.41 | 301.85 |
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): | 69.78 | |
| MACD (12,26,9): | 3.0200 | |
| Directional Movement: | 26.59 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 296.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 292.60 | |
| Elder Ray (13): | 3.31 | |
| Super Trend (3,10): | 291.39 | |
| Zig ZAG (10): | 296.26 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 92.13 | |
| TEMA (21): | 297.11 | |
| Williams %R (14): | -20.53 | |
| Chande Momentum Oscillator (20): | 7.36 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 6.12 |
| MA7: | 287.50 | |
| MA20: | 277.31 | |
| MA50: | 279.19 | |
| MA100: | 278.52 | |
| MAexp7: | 295.58 | |
| MAexp20: | 292.28 | |
| MAexp50: | 287.53 | |
| MAexp100: | 282.83 | |
| Price / MA7: | +3.05% | |
| Price / MA20: | +6.83% | |
| Price / MA50: | +6.11% | |
| Price / MA100: | +6.37% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +1.36% | |
| Price / MAexp50: | +3.04% | |
| Price / MAexp100: | +4.75% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis INVESCO QQQ TRUST SERIES 1 - 1H