QQQ NASDAQ |
Invesco QQQ Trust Series 1 • Exchange Traded Fund |
Mon 2 Dec, close | |
Breakout tradeWATCH for possible breakout above 517.97
Target: 541.91, 5.2% Stop: 506.81 Loss: 1.6%
P/L ratio: 3.2 : 1 - Excellent
Default chart
Quote 515.29 +5.55,+1.1% L 510.62 O 511.01 H 516.26 Volume 25.11mil -22.8% typical 52 Wk 396.2 to 515.3 Short naDiv 0.55% EPS naMkt Cap na |
1d 3d 5d 10d 1Y 5Y 5d 30 Min | |
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Top ˄Mon 2 Dec, close
8 Month Detailed Chart
100%
Scale +/-0(min) to 10(max)
QUOTE
515.29, +5.55 pts (+1.1%), Mon 2 Dec, close
strong up from yesterday's close.
Today's
L 510.62 O 511.01 H 516.26Typical price range:
504.59 to
514.89 ± 5.15 pts, ± 1%
Extreme price range (85% of time)
499.43 to
520.05 ± 10.31 pts, ± 2%
VOLUME
25.11mil shares, -22.8% compared to typical daily volume over the past 6 months.
Typical daily volume is 32.53mil shares over the past 6 months.
RALLIES/PULLBACKS** Current price area
Typical: 30.62 pts (5.9%) occurs 25% of the time.
Extreme: 39.8 pts (7.7%) occurs 5% of the time.
A summary of bullish and bearish indicators. | |
BULLISH
[Positioning] Intermediate trend bullish, Uptrend.
[Timing] Strong bullish 3 day candlestick pattern.
[Timing] breakout watch above 517.97, no resistance in area just above.
BEARISH
[Positioning] at resistance
Indicators for positioning trade entry and exits.
1 DAY PRICE CHANGE
strong up (+5.55 pts, +1.1%) from yesterday's close.
SHORT TERM DIRECTION
OVERBOUGHT/SOLD
Near Overbought, odds slightly favor short trades.
1 MONTH TREND
INTERMEDIATE TREND** Past 4 months
SUPPORT/RESISTANCE
515.29, at resistance,
512.9 ± 5.13
type double,
strength 2
Support Below : -3.6% at
496.87 ± 4.97
type triple+,
strength 10
Resistance Above : None.
Indicators for timing trade entry and exits.
Over 120 three day candlestick chart patterns analyzed.
3 DAY CANDLESTICK
Strong bullish 3 day candlestick pattern.
Not significant 3 day accumulation
Days Back
Strong Bullish
Mild Bullish
Neutral
Mild Bearish
Strong Bearish
0
5
10
15
25
3 Day Candlestick (over last 25 days)
3 Day Candlestick (2 day avg)
MONEYFLOW
Not significant bullish 1 day moneyflow,
BREAKOUT
WATCH for possible breakout above 517.97, no resistance in area just above.
Type: True breakout from double resistance.
Target:
541.91, 5.2% Stop: 506.81
Loss: 1.6%
P/L ratio: 3.2 : 1 - Excellent
BREAKDOWN
None.
Support and Resistance Areas
Over the past 8 months.
Type/Strength Help
CURRENT PRICE
515.29, at resistance,
512.9 ± 5.13
type double,
strength 2
SUPPORT BELOW
-3.6% at 496.87 ± 4.97 type triple+,
strength 10
-6% at 484.28 ± 4.84 type triple+,
strength 10
-8.1% at 473.54 ± 4.74 type double,
strength 10
...
RESISTANCE ABOVE
None.
0%
Trade Quality
Long
TARGET 1
Price:
531.2 Profit:
3.1% (Typical rally)
Stop/Trailing Stop: 506.81 Loss: 1.6%
P/L Ratio: 1.9 : 1 - Poor
POTENTIAL
Excellent, there are 1 resistance areas on the way to Target 1.
When there are few resistance areas, stocks may quickly rise to targets.
TARGET 1 RESISTANCE
Current price at resistance:
512.9 ± 5.13
type double,
strength 2
+3.1% at 531.2 is Target 1
TARGET 2
Price:
540.33 Profit:
4.9% P/L Ratio: 3.1 : 1 - Good
(Extreme rally)
Breakout trade indicators.
Breakout Tip
BREAKOUT
WATCH for possible breakout above 517.97, no resistance in area just above.
Type: True breakout from double resistance.
Target:
541.91, 5.2% Stop: 506.81
Loss: 1.6%
P/L ratio: 3.2 : 1 - Excellent
50%
Trade Quality
Short
TARGET 1
Price:
478.4 Profit:
7.2% (Typical pullback)
Cover/Trailing Cover: 521.18 Loss: 1.1%
P/L Ratio: 6.5 : 1 - Excellent
POTENTIAL
Poor, there are 2 support areas on the way to Target 1.
The potential to reach targets may be lower with strong support areas.
TARGET 1 SUPPORT
-3.6% at
496.87 ± 4.97
type triple+,
strength 10
-6% at
484.28 ± 4.84
type triple+,
strength 10
-7.2% at 478.4 is Target 1
TARGET 2
Price:
473.54 Profit:
8.1% P/L Ratio: 7.4 : 1 - Excellent
(Extreme pullback)
Breakdown trade indicators.