INVESCO QQQ TRUST SERIES 1

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	ETF
Ticker:	QQQ
ISIN:

INVESCO QQQ TRUST SERIES 1 - Daily - Technical analysis published on 04/15/2024 (GMT)

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Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bullish

Technical indicators

17%

39%

44%

My opinion

Bullish above 410.95 USD

My targets

446.38 USD (+3.30%)

My analysis

With a bullish background trend, the price of INVESCO QQQ TRUST SERIES 1 is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 410.95 USD. A bullish break in the resistance located at 446.38 USD would boost the bullish momentum and fuel the basic trend. PS: if there is a bearish break in the support located at 410.95 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.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.4

Comment on the analysis

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 hsokkar. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The INVESCO QQQ TRUST SERIES 1 price is 432.11 USD. The price registered a decrease of -1.41% on the session and was traded between 431.28 USD and 442.15 USD over the period. The price is currently at +0.19% from its lowest and -2.27% from its highest.

431.28

442.15

432.11

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

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, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

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 Daily of this INVESCO QQQ TRUST SERIES 1 chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

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.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	383.63	397.20	410.95	432.11	433.34	446.38
Change (%)	-11.22%	-8.08%	-4.90%	-	+0.28%	+3.30%
Change	-48.48	-34.91	-21.16	-	+1.23	+14.27
Level	Intermediate	Major	Minor	-	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	430.66	433.77	436.02	439.13	441.38	444.49	446.74
Camarilla	436.80	437.29	437.78	438.27	438.76	439.25	439.74
Woodie	430.23	433.56	435.59	438.92	440.95	444.28	446.31
Fibonacci	433.77	435.82	437.08	439.13	441.18	442.44	444.49

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	424.21	430.24	434.26	440.29	444.31	450.34	454.36
Camarilla	435.51	436.43	437.35	438.27	439.19	440.11	441.03
Woodie	423.20	429.74	433.25	439.79	443.30	449.84	453.35
Fibonacci	430.24	434.08	436.45	440.29	444.13	446.50	450.34

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	417.15	424.66	434.33	441.84	451.51	459.02	468.69
Camarilla	439.29	440.86	442.44	444.01	445.59	447.16	448.74
Woodie	418.24	425.20	435.42	442.38	452.60	459.56	469.78
Fibonacci	424.66	431.22	435.27	441.84	448.40	452.45	459.02

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):	46.21
MACD (12,26,9):	0.5800
Directional Movement:	1.11
AROON (14):	-71.43
DEMA (21):	441.47
Parabolic SAR (0,02-0,02-0,2):	449.34
Elder Ray (13):	-1.84
Super Trend (3,10):	430.37
Zig ZAG (10):	434.38
VORTEX (21):	0.8700
Stochastique (14,3,5):	36.47
TEMA (21):	438.83
Williams %R (14):	-98.79
Chande Momentum Oscillator (20):	-10.48
Repulse (5,40,3):	-2.0800
ROCnROLL:	-1
TRIX (15,9):	0.0500
Courbe Coppock:	1.68

MA7:	439.74
MA20:	441.71
MA50:	437.71
MA100:	420.68
MAexp7:	438.87
MAexp20:	440.33
MAexp50:	434.72
MAexp100:	420.73
Price / MA7:	-1.74%
Price / MA20:	-2.17%
Price / MA50:	-1.28%
Price / MA100:	+2.72%
Price / MAexp7:	-1.54%
Price / MAexp20:	-1.87%
Price / MAexp50:	-0.60%
Price / MAexp100:	+2.70%

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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INVESCO QQQ TRUST SERIES 1 - Daily - Technical analysis published on 04/15/2024 (GMT)

Summary of the analysis

Additional analysis

Quotes

Technical

Numerical data

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