INVESCO QQQ TRUST SERIES 1 - Daily - Technical analysis published on 11/24/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 481.82 USD
My targets
514.14 USD (+1.65%)
My analysis
The bullish trend is currently very strong on INVESCO QQQ TRUST SERIES 1. As long as the price remains above the support at 481.82 USD, you could try to benefit from the boom. The first bullish objective is located at 514.14 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.3
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This analysis was given by LJ93612. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INVESCO QQQ TRUST SERIES 1 price is 505.79 USD. On the day, this instrument gained +0.16% and was between 502.78 USD and 506.53 USD. This implies that the price is at +0.60% from its lowest and at -0.15% from its highest.502.78
506.53
505.79
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of INVESCO QQQ TRUST SERIES 1 in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
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
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 444.44 | 481.82 | 502.25 | 505.79 | 514.14 |
| Change (%) | -12.13% | -4.74% | -0.70% | - | +1.65% |
| Change | -61.35 | -23.97 | -3.54 | - | +8.35 |
| Level | Intermediate | Intermediate | Major | - | Major |
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 | 499.79 | 501.28 | 503.54 | 505.03 | 507.29 | 508.78 | 511.04 |
| Camarilla | 504.76 | 505.10 | 505.45 | 505.79 | 506.13 | 506.48 | 506.82 |
| Woodie | 500.17 | 501.47 | 503.92 | 505.22 | 507.67 | 508.97 | 511.42 |
| Fibonacci | 501.28 | 502.72 | 503.60 | 505.03 | 506.47 | 507.35 | 508.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 488.83 | 492.69 | 499.24 | 503.10 | 509.65 | 513.51 | 520.06 |
| Camarilla | 502.93 | 503.88 | 504.84 | 505.79 | 506.74 | 507.70 | 508.65 |
| Woodie | 490.18 | 493.36 | 500.59 | 503.77 | 511.00 | 514.18 | 521.41 |
| Fibonacci | 492.69 | 496.67 | 499.12 | 503.10 | 507.08 | 509.53 | 513.51 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 449.77 | 463.58 | 473.72 | 487.53 | 497.67 | 511.48 | 521.62 |
| Camarilla | 477.26 | 479.46 | 481.66 | 483.85 | 486.05 | 488.24 | 490.44 |
| Woodie | 447.93 | 462.66 | 471.88 | 486.61 | 495.83 | 510.56 | 519.78 |
| Fibonacci | 463.58 | 472.73 | 478.38 | 487.53 | 496.68 | 502.33 | 511.48 |
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): | 56.45 | |
| MACD (12,26,9): | 3.7900 | |
| Directional Movement: | 1.64 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 507.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 513.55 | |
| Elder Ray (13): | 0.97 | |
| Super Trend (3,10): | 493.18 | |
| Zig ZAG (10): | 505.79 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 63.89 | |
| TEMA (21): | 506.72 | |
| Williams %R (14): | -34.89 | |
| Chande Momentum Oscillator (20): | 0.21 | |
| Repulse (5,40,3): | 1.5300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 4.29 |
| MA7: | 503.24 | |
| MA20: | 501.82 | |
| MA50: | 493.01 | |
| MA100: | 481.42 | |
| MAexp7: | 504.53 | |
| MAexp20: | 501.87 | |
| MAexp50: | 493.49 | |
| MAexp100: | 482.40 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | +0.79% | |
| Price / MA50: | +2.59% | |
| Price / MA100: | +5.06% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.78% | |
| Price / MAexp50: | +2.49% | |
| Price / MAexp100: | +4.85% |
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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