INVESCO QQQ TRUST SERIES 1 - 15 min. - Technical analysis published on 02/13/2023 (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 bullish
Underlying:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Bullish above 299.51 USD
My targets
303.83 USD (+0.43%)
306.08 USD (+1.18%)
My analysis
The strong short-term increase in INVESCO QQQ TRUST SERIES 1 calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 299.51 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 303.83 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 306.08 USD as an objective. Crossing it would then enable buyers to target 311.75 USD. Caution, a return under 299.51 USD could jeopardize the reversal.
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
2.1
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Additional analysis
Quotes
The INVESCO QQQ TRUST SERIES 1 rating is 302.52 USD. The price has increased by +0.94% since the last closing and was traded between 299.93 USD and 302.67 USD over the period. The price is currently at +0.86% from its lowest and -0.05% from its highest.299.93
302.67
302.52
Here is a more detailed summary of the historical variations registered by INVESCO QQQ TRUST SERIES 1:
Technical
Technical analysis of this 15 min. chart of INVESCO QQQ TRUST SERIES 1 indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 302.52 | 304.84 | 311.75 | 323.62 |
| Change (%) | -7.56% | -4.11% | -1.88% | - | +0.77% | +3.05% | +6.97% |
| Change | -22.87 | -12.42 | -5.70 | - | +2.32 | +9.23 | +21.10 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | 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 | 293.12 | 295.19 | 297.44 | 299.51 | 301.76 | 303.83 | 306.08 |
| Camarilla | 298.51 | 298.91 | 299.30 | 299.70 | 300.10 | 300.49 | 300.89 |
| Woodie | 293.22 | 295.24 | 297.54 | 299.56 | 301.86 | 303.88 | 306.18 |
| Fibonacci | 295.19 | 296.84 | 297.86 | 299.51 | 301.16 | 302.18 | 303.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 280.51 | 288.88 | 294.29 | 302.66 | 308.07 | 316.44 | 321.85 |
| Camarilla | 295.91 | 297.17 | 298.44 | 299.70 | 300.96 | 302.23 | 303.49 |
| Woodie | 279.03 | 288.14 | 292.81 | 301.92 | 306.59 | 315.70 | 320.37 |
| Fibonacci | 288.88 | 294.14 | 297.40 | 302.66 | 307.92 | 311.18 | 316.44 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.72 | |
| MACD (12,26,9): | -0.5400 | |
| Directional Movement: | -0.46 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 298.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 297.39 | |
| Elder Ray (13): | 0.65 | |
| Super Trend (3,10): | 301.08 | |
| Zig ZAG (10): | 299.70 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 67.80 | |
| TEMA (21): | 298.93 | |
| Williams %R (14): | -22.09 | |
| Chande Momentum Oscillator (20): | 1.00 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.36 |
| MA7: | 305.30 | |
| MA20: | 293.79 | |
| MA50: | 282.76 | |
| MA100: | 279.11 | |
| MAexp7: | 299.21 | |
| MAexp20: | 299.36 | |
| MAexp50: | 300.98 | |
| MAexp100: | 302.29 | |
| Price / MA7: | -0.91% | |
| Price / MA20: | +2.97% | |
| Price / MA50: | +6.99% | |
| Price / MA100: | +8.39% | |
| Price / MAexp7: | +1.11% | |
| Price / MAexp20: | +1.06% | |
| Price / MAexp50: | +0.51% | |
| Price / MAexp100: | +0.08% |
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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