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Downtrend Broken Resist.Archive
- 6/18/2026 -
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NASDAQ 100 Trust Shares (QQQ) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the NASDAQ 100 Trust Shares (QQQ). During the week, the QQQ gained 19.28 points, or 2.67%, and closed at 740.62 on Thursday, June 18, 2026. Weekly volume was -9% 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 748.65 on June 3, 2026. QQQ gained -494.39 points, or -194.44%, in 189 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (579.13) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a long-term trend.
 Medium-term trend: [See QQQ medium-term trend chart]
A medium-term uptrend had started on March 30, 2026 at 555.60 and reached 748.65 on June 3, 2026. QQQ gained -193.05 points, or -34.75%, in 9 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See QQQ weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 weekly MACD line is above its signal line since April 17, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 June 3, 2026 at 748.65 and reached 686.37 on June 9, 2026. QQQ lost 62.28 points, or 8.32%, in 6 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 726.60 and resistance is at 743.30. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.
 Daily Technical Indicators: [See QQQ daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
The daily MACD line is below its signal line since June 3, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
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