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Downtrend Broken Resist.Archive
- 7/10/2026 -
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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 12.91 points, or 1.81%, and closed at 725.51 on Friday, July 10, 2026. Weekly volume was -37% 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 (584.13) 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 uptrend support line (742.41) 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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. 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 700.91 on July 8, 2026. QQQ lost 44.54 points, or 5.97%, in 16 days. The chart has formed a Falling Wedge 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 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.
A Parabolic SAR (stop and reversal) indicator (727.12) comes close to the price (725.51). 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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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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