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Archive
- 8/27/2010
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NASDAQ 100 Trust Shares |
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the first negative week for the NASDAQ 100 Trust Shares (QQQQ). During the week, the QQQQ dropped -0.85 points, or -1.89%, and closed at 44.07 on Friday, August 27, 2010. Weekly volume was -8% below average.
 Long-term trend: [See QQQQ long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 25.05 and reached 50.65 on April 26, 2010. QQQQ gained -25.60 points, or -102.20%, in 74 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See QQQQ medium-term trend chart]
A medium-term downtrend had started on April 26, 2010 at 50.65 and reached 41.55 on May 6, 2010. QQQQ lost 9.10 points, or 17.97%, in 1 weeks. The price is now at the 27.69% retracement level.
 Weekly Technical Indicators: [See QQQQ weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 7, 2010. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See QQQQ short-term trend chart]
A short-term downtrend had started on May 13, 2010 at 48.79 and reached 41.77 on July 1, 2010. QQQQ lost 7.02 points, or 14.39%, in 49 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 39.52 and resistance is at 44.99. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.
 Daily Technical Indicators: [See QQQQ daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since August 10, 2010. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
41.77 |
| Low Date |
07/01/2010 |
| High |
47.19 |
| High Date |
08/09/2010 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
44.99 |
| Support |
39.52 |
| High |
48.79 |
| High Date |
05/13/2010 |
| Low |
41.77 |
| Low Date |
07/01/2010 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
41.55 |
| Low Date |
05/06/2010 |
| High |
48.79 |
| High Date |
05/13/2010 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
50.65 |
| High Date |
04/26/2010 |
| Low |
41.55 |
| Low Date |
05/06/2010 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
25.05 |
| Low Date |
11/21/2008 |
| High |
50.65 |
| High Date |
04/26/2010 |
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