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Downtrend Broken Resist.Archive
- 1/23/2026 -
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NASDAQ 100 Trust Shares (QQQ) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the NASDAQ 100 Trust Shares (QQQ). During the week, the QQQ climbed 1.46 points, or 0.23%, and closed at 622.72 on Friday, January 23, 2026. Weekly volume was 26% 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 price is near the trend resistance line (630.26). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See QQQ medium-term trend chart]
A medium-term uptrend had started on December 17, 2025 at 600.28 and reached 630.00 on January 15, 2026. QQQ gained -29.72 points, or -4.95%, in 4 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (623.97) 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. The distance between MACD and the signal line is low, but getting bigger. 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 15, 2026 at 630.00 and reached 607.05 on January 20, 2026. QQQ lost 22.95 points, or 3.64%, in 5 days. The price is now at the 68.28% retracement level.
Daily Technical Indicators: [See QQQ daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since January 15, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
A Parabolic SAR (stop and reversal) indicator (626.03) comes close to the price (622.72). It indicates that the trend is getting weaker. 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.
The distance between the Bollinger Bands (3.01%) is close to one year low (2.91%). It is 62.27% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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