The Greedy Trader Weekly Analysis
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- 2/27/2026 -
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NASDAQ 100 Trust Shares (QQQ) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was the negative week for the NASDAQ 100 Trust Shares (QQQ). During the week, the QQQ gave back -1.52 points, or -0.25%, and closed at 607.29 on Friday, February 27, 2026. Weekly volume was 29% above average.

Long-term trend: [See QQQ long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 254.26 and reached 637.01 on October 29, 2025. QQQ gained -382.75 points, or -150.53%, in 158 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 462.04 and resistance is at 639.48. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See QQQ medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 402.40 and reached 637.01 on October 29, 2025. QQQ gained -234.61 points, or -58.30%, in 29 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (653.98) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See QQQ weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since November 14, 2025. Use the following link to access a MACD help.

Short-term trend: [See QQQ short-term trend chart]
A short-term downtrend had started on January 28, 2026 at 636.60 and reached 593.34 on February 17, 2026. QQQ lost 43.26 points, or 6.80%, in 20 days. The price is now at the 32.25% retracement level.

Daily Technical Indicators: [See QQQ daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.26
Williams' Percentage Range (W%R) 73.70
Lane's Stochastic (%D-Slow) 63.98
Greed/Fear Indicator (GFI) 46.18
Moving Average Converg./Diverg. (MACD) -3.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.30
Williams' Percentage Range (W%R) 60.50
Lane's Stochastic (%D-Slow) 45.15
Greed/Fear Indicator (GFI) 44.29
Moving Average Converg./Diverg. (MACD) 16.60
Trading Signals
Description Value Chart
Monthly Trendline Support 653.98
Monthly Trendline Resistance 650.06
Quarterly Trendline Resistance 639.48
Upper Bollinger Band 624.84
50 Day Moving Average 615.82
Daily Stochastic Crossing 611.79
20 Day Moving Average 609.01
Weekly Stochastic Crossing 608.00
Price 607.29
Lower Bollinger Band 595.68
Parabolic System 593.70
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 636.60
High Date 01/28/2026
Low 593.34
Low Date 02/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 637.01
High Date 10/29/2025
Low 580.74
Low Date 11/21/2025
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 650.06
Support 653.98
Low 402.40
Low Date 04/07/2025
High 637.01
High Date 10/29/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 639.48
Support 462.04
Low 254.26
Low Date 10/13/2022
High 637.01
High Date 10/29/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.05
Low Date 11/21/2008
High 637.01
High Date 10/29/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.