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Downtrend Broken Resist.Archive
- 10/30/2026 -
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NASDAQ 100 Trust Shares (QQQ) Technical Analysis
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| Summary:
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| | It was the negative week for the NASDAQ 100 Trust Shares (QQQ). During the week, the QQQ dropped -13.91 points, or -1.97%, and closed at 690.49 on Friday, October 30, 2026. Weekly volume was -12% below 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 762.86 on October 6, 2026. QQQ gained -508.60 points, or -200.03%, in 207 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 612.31 and resistance is at 701.05. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See QQQ medium-term trend chart]
A medium-term uptrend had started on July 29, 2026 at 661.14 and reached 762.86 on October 6, 2026. QQQ gained -101.72 points, or -15.39%, in 9 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (736.57) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. QQQ may retest the broken support line. It is considered to be a resistance line now. 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 October 9, 2026. 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 October 6, 2026 at 762.86 and reached 683.45 on October 30, 2026. QQQ lost 79.41 points, or 10.41%, in 24 days. The price is now at the 8.87% retracement level.
 Daily Technical Indicators: [See QQQ daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since October 12, 2026. This is an indication that the short-term trend is down.
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