INVESCO QQQ TRUST SERIES 1 - 15 min. - Technical analysis published on 02/07/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 307.60 USD
My targets
313.02 USD (+1.20%)
323.62 USD (+4.62%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on INVESCO QQQ TRUST SERIES 1. This is a positive signal for buyers. As long as the price remains above 307.60 USD, a purchase could be considered. The first bullish objective is located at 313.02 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 323.62 USD as an objective. Crossing it would then enable buyers to target 332.26 USD. In the event of a return below 307.60 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
6.8
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Additional analysis
Quotes
The INVESCO QQQ TRUST SERIES 1 rating is 309.32 USD. On the day, this instrument gained +1.89% and was between 302.77 USD and 309.35 USD. This implies that the price is at +2.16% from its lowest and at -0.01% from its highest.302.77
309.35
309.32
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 this 15 min. chart of INVESCO QQQ TRUST SERIES 1 indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
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:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 290.10 | 296.82 | 304.84 | 309.32 | 313.02 | 323.62 | 332.26 |
| Change (%) | -6.21% | -4.04% | -1.45% | - | +1.20% | +4.62% | +7.42% |
| Change | -19.22 | -12.50 | -4.48 | - | +3.70 | +14.30 | +22.94 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 298.21 | 300.22 | 301.90 | 303.91 | 305.59 | 307.60 | 309.28 |
| Camarilla | 302.58 | 302.91 | 303.25 | 303.59 | 303.93 | 304.27 | 304.61 |
| Woodie | 298.06 | 300.14 | 301.75 | 303.83 | 305.44 | 307.52 | 309.13 |
| Fibonacci | 300.22 | 301.63 | 302.50 | 303.91 | 305.32 | 306.19 | 307.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 269.03 | 279.46 | 292.82 | 303.25 | 316.61 | 327.04 | 340.40 |
| Camarilla | 299.64 | 301.82 | 304.00 | 306.18 | 308.36 | 310.54 | 312.72 |
| Woodie | 270.50 | 280.19 | 294.29 | 303.98 | 318.08 | 327.77 | 341.87 |
| Fibonacci | 279.46 | 288.55 | 294.16 | 303.25 | 312.34 | 317.95 | 327.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 232.63 | 246.49 | 270.55 | 284.41 | 308.47 | 322.33 | 346.39 |
| Camarilla | 284.19 | 287.67 | 291.14 | 294.62 | 298.10 | 301.57 | 305.05 |
| Woodie | 237.74 | 249.04 | 275.66 | 286.96 | 313.58 | 324.88 | 351.50 |
| Fibonacci | 246.49 | 260.97 | 269.92 | 284.41 | 298.89 | 307.84 | 322.33 |
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): | 55.30 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 5.56 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 304.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 303.33 | |
| Elder Ray (13): | 0.64 | |
| Super Trend (3,10): | 305.87 | |
| Zig ZAG (10): | 305.25 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 86.77 | |
| TEMA (21): | 304.80 | |
| Williams %R (14): | -11.86 | |
| Chande Momentum Oscillator (20): | 1.92 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.58 |
| MA7: | 301.80 | |
| MA20: | 289.73 | |
| MA50: | 281.51 | |
| MA100: | 278.70 | |
| MAexp7: | 304.74 | |
| MAexp20: | 304.34 | |
| MAexp50: | 304.82 | |
| MAexp100: | 303.88 | |
| Price / MA7: | +2.49% | |
| Price / MA20: | +6.76% | |
| Price / MA50: | +9.88% | |
| Price / MA100: | +10.99% | |
| Price / MAexp7: | +1.50% | |
| Price / MAexp20: | +1.64% | |
| Price / MAexp50: | +1.48% | |
| Price / MAexp100: | +1.79% |
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.
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