INVESCO QQQ TRUST SERIES 1 - 15 min. - Technical analysis published on 02/10/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 303.62 USD
My targets
298.26 USD (-0.57%)
294.83 USD (-1.71%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on INVESCO QQQ TRUST SERIES 1 as long as the price remains well below 303.62 USD. The sellers' bearish objective is set at 298.26 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 294.83 USD. In case of crossing, the next objective would be the support located at 289.47 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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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 299.97 USD. The price is lower by -0.57% since the last closing with the lowest point at 299.33 USD and the highest point at 300.92 USD. The deviation from the price is +0.21% for the low point and -0.32% for the high point.299.33
300.92
299.97
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by INVESCO QQQ TRUST SERIES 1:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this INVESCO QQQ TRUST SERIES 1 chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish 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, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
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 | 279.65 | 290.10 | 296.82 | 299.97 | 304.84 | 311.75 | 323.62 |
| Change (%) | -6.77% | -3.29% | -1.05% | - | +1.62% | +3.93% | +7.88% |
| Change | -20.32 | -9.87 | -3.15 | - | +4.87 | +11.78 | +23.65 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | 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 | 289.47 | 294.83 | 298.26 | 303.62 | 307.05 | 312.41 | 315.84 |
| Camarilla | 299.26 | 300.07 | 300.87 | 301.68 | 302.49 | 303.29 | 304.10 |
| Woodie | 288.50 | 294.35 | 297.29 | 303.14 | 306.08 | 311.93 | 314.87 |
| Fibonacci | 294.83 | 298.19 | 300.27 | 303.62 | 306.98 | 309.06 | 312.41 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.78 | |
| MACD (12,26,9): | -1.0600 | |
| Directional Movement: | -12.09 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 302.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 303.79 | |
| Elder Ray (13): | -0.95 | |
| Super Trend (3,10): | 303.97 | |
| Zig ZAG (10): | 301.68 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 17.01 | |
| TEMA (21): | 301.42 | |
| Williams %R (14): | -72.13 | |
| Chande Momentum Oscillator (20): | -2.80 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 2.20 |
| MA7: | 305.48 | |
| MA20: | 292.76 | |
| MA50: | 282.36 | |
| MA100: | 279.01 | |
| MAexp7: | 302.08 | |
| MAexp20: | 303.38 | |
| MAexp50: | 304.50 | |
| MAexp100: | 304.69 | |
| Price / MA7: | -1.80% | |
| Price / MA20: | +2.46% | |
| Price / MA50: | +6.24% | |
| Price / MA100: | +7.51% | |
| Price / MAexp7: | -0.70% | |
| Price / MAexp20: | -1.12% | |
| Price / MAexp50: | -1.49% | |
| Price / MAexp100: | -1.55% |
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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