INVESCO QQQ TRUST SERIES 1 - Daily - Technical analysis published on 11/29/2024 (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
56%
17%
28%
My opinion
Bullish above 502.25 USD
My targets
511.48 USD (+0.34%)
521.62 USD (+2.33%)
My analysis
INVESCO QQQ TRUST SERIES 1 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 502.25 USD. The next resistance located at 511.48 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 521.62 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
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
INVESCO QQQ TRUST SERIES 1 rating 509.74 USD. The price has increased by +0.88% since the last closing and was traded between 505.31 USD and 510.34 USD over the period. The price is currently at +0.88% from its lowest and -0.12% from its highest.505.31
510.34
509.74
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 (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 this Daily chart of INVESCO QQQ TRUST SERIES 1 indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 444.44 | 481.64 | 502.25 | 509.74 | 514.14 |
| Change (%) | -12.81% | -5.51% | -1.47% | - | +0.86% |
| Change | -65.30 | -28.10 | -7.49 | - | +4.40 |
| Level | Intermediate | Minor | Major | - | Major |
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 | 501.56 | 503.43 | 506.59 | 508.46 | 511.62 | 513.49 | 516.65 |
| Camarilla | 508.36 | 508.82 | 509.28 | 509.74 | 510.20 | 510.66 | 511.12 |
| Woodie | 502.20 | 503.75 | 507.23 | 508.78 | 512.26 | 513.81 | 517.29 |
| Fibonacci | 503.43 | 505.36 | 506.54 | 508.46 | 510.39 | 511.57 | 513.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 494.44 | 498.19 | 503.96 | 507.71 | 513.48 | 517.23 | 523.00 |
| Camarilla | 507.12 | 508.00 | 508.87 | 509.74 | 510.61 | 511.49 | 512.36 |
| Woodie | 495.46 | 498.70 | 504.98 | 508.22 | 514.50 | 517.74 | 524.02 |
| Fibonacci | 498.19 | 501.82 | 504.07 | 507.71 | 511.34 | 513.59 | 517.23 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.80 | |
| MACD (12,26,9): | 3.6800 | |
| Directional Movement: | 2.49 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 509.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 512.07 | |
| Elder Ray (13): | 2.23 | |
| Super Trend (3,10): | 493.18 | |
| Zig ZAG (10): | 509.74 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 64.61 | |
| TEMA (21): | 508.42 | |
| Williams %R (14): | -27.69 | |
| Chande Momentum Oscillator (20): | -3.17 | |
| Repulse (5,40,3): | 1.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 0.88 |
| MA7: | 506.41 | |
| MA20: | 504.58 | |
| MA50: | 495.65 | |
| MA100: | 481.81 | |
| MAexp7: | 506.87 | |
| MAexp20: | 503.83 | |
| MAexp50: | 495.60 | |
| MAexp100: | 484.39 | |
| Price / MA7: | +0.66% | |
| Price / MA20: | +1.02% | |
| Price / MA50: | +2.84% | |
| Price / MA100: | +5.80% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +1.17% | |
| Price / MAexp50: | +2.85% | |
| Price / MAexp100: | +5.23% |
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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