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Downtrend Broken Resist.Archive
- 9/4/2026 -
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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 second consecutive positive week for the NASDAQ 100 Trust Shares (QQQ). During the week, the QQQ climbed 2.53 points, or 0.35%, and closed at 718.96 on Friday, September 4, 2026. Weekly volume was -42% 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 (598.40) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 695.47 and resistance is at 730.72. 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 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 July 17, 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 August 17, 2026 at 734.58 and reached 702.70 on August 24, 2026. QQQ lost 31.88 points, or 4.34%, in 7 days. The chart has formed a Symmetric Triangle chart pattern.
Daily Technical Indicators: [See QQQ daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since August 20, 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.
A Parabolic SAR (stop and reversal) indicator (722.58) comes close to the price (718.96). 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.
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