|
|
Downtrend Broken Resist.Archive
- 10/23/2026 -
Sign In to see current Signals. |
NASDAQ 100 Trust Shares (QQQ) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the NASDAQ 100 Trust Shares (QQQ). During the week, the QQQ gave back -5.40 points, or -0.76%, and closed at 704.40 on Friday, October 23, 2026. Weekly volume was -21% 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 price is near the trend resistance line (699.27). 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 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 (730.86) 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. 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 October 6, 2026 at 762.86 and reached 701.16 on October 23, 2026. QQQ lost 61.70 points, or 8.09%, in 17 days. The price is now at the 5.25% retracement level.
 Daily Technical Indicators: [See QQQ daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily 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 daily MACD line is below its signal line since October 12, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
| |
|
|