INVESCO QQQ TRUST SERIES 1
INVESCO QQQ TRUST SERIES 1
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: ETF
Ticker: QQQ
ISIN:

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:
15 min. 1H Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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:

Central Indicators

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


S3S2S1PriceR1
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
Standard499.79501.28503.54505.03507.29508.78511.04
Camarilla504.76505.10505.45505.79506.13506.48506.82
Woodie500.17501.47503.92505.22507.67508.97511.42
Fibonacci501.28502.72503.60505.03506.47507.35508.78


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard488.83492.69499.24503.10509.65513.51520.06
Camarilla502.93503.88504.84505.79506.74507.70508.65
Woodie490.18493.36500.59503.77511.00514.18521.41
Fibonacci492.69496.67499.12503.10507.08509.53513.51


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard449.77463.58473.72487.53497.67511.48521.62
Camarilla477.26479.46481.66483.85486.05488.24490.44
Woodie447.93462.66471.88486.61495.83510.56519.78
Fibonacci463.58472.73478.38487.53496.68502.33511.48

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 : - 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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