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Downtrend Broken Resist.Archive
- 7/24/2026 -
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NASDAQ 100 Trust Shares (QQQ) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the NASDAQ 100 Trust Shares (QQQ). During the week, the QQQ dropped -11.10 points, or -1.60%, and closed at 684.23 on Friday, July 24, 2026. Weekly volume was -35% 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 price is near the trend resistance line (676.43). 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 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. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (769.10) 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.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 22, 2026 at 745.45 and reached 682.48 on July 24, 2026. QQQ lost 62.97 points, or 8.45%, in 32 days. Price is near the trend low.
 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. 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 Williams' Percentage Range help.
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 price touches the lower Bollinger Band. 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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