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INVESCO QQQ TRUST SERIES 1
INVESCO QQQ TRUST SERIES 1
- 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 - 15 min. - Technical analysis published on 01/30/2023 (GMT)

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 295.47 USD
My targets
299.05 USD (+0.94%)
301.85 USD (+1.89%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 295.47 USD remains possible. It is advisable to trade INVESCO QQQ TRUST SERIES 1 with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 295.47 USD. The next bullish objective for buyers is set at 299.05 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 301.85 USD. If there is any crossing, the next objective would be the resistance located at 305.43 USD. PS: if there is a bearish break in the support located at 295.47 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.2

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.

kenneth6411a
This analysis was given by kenneth6411a. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The INVESCO QQQ TRUST SERIES 1 price is 296.26 USD. The price registered an increase of +1.00% on the session and was between 291.88 USD and 298.26 USD. This implies that the price is at +1.50% from its lowest and at -0.67% from its highest.

291.88
298.26
296.26

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of INVESCO QQQ TRUST SERIES 1 in 15 min. shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 15 minutes


Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes



The analysis of the price chart with Central Patterns scanners does not return any result.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard286.29289.09292.67295.47299.05301.85305.43
Camarilla294.51295.09295.68296.26296.85297.43298.02
Woodie286.69289.29293.07295.67299.45302.05305.83
Fibonacci289.09291.52293.03295.47297.90299.41301.85


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard265.35269.62276.15280.42286.95291.22297.75
Camarilla279.71280.70281.69282.68283.67284.66285.65
Woodie266.48270.19277.28280.99288.08291.79298.88
Fibonacci269.62273.75276.29280.42284.55287.09291.22


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard215.51237.62251.95274.06288.39310.50324.83
Camarilla256.26259.60262.94266.28269.62272.96276.30
Woodie211.62235.68248.06272.12284.50308.56320.94
Fibonacci237.62251.54260.14274.06287.98296.58310.50

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): 55.94
MACD (12,26,9): 1.1200
Directional Movement: 8.18
AROON (14): 50.00
DEMA (21): 297.87
Parabolic SAR (0,02-0,02-0,2): 298.26
Elder Ray (13): 0.08
Super Trend (3,10): 295.85
Zig ZAG (10): 296.26
VORTEX (21): 1.1100
Stochastique (14,3,5): 62.44
TEMA (21): 297.73
Williams %R (14): -77.52
Chande Momentum Oscillator (20): -0.01
Repulse (5,40,3): -0.6000
ROCnROLL: -1
TRIX (15,9): 0.0600
Courbe Coppock: 1.20
MA7: 287.50
MA20: 277.31
MA50: 279.19
MA100: 278.52
MAexp7: 297.12
MAexp20: 296.27
MAexp50: 293.88
MAexp100: 291.10
Price / MA7: +3.05%
Price / MA20: +6.83%
Price / MA50: +6.11%
Price / MA100: +6.37%
Price / MAexp7: -0.29%
Price / MAexp20: +0.00%
Price / MAexp50: +0.81%
Price / MAexp100: +1.77%

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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