High volatility in QQQ ETF price on Monday which ended trading at $423.69

The QQQ ETF price gained 0.241% on the last trading day (Monday, 7th Apr 2025), rising from $422.67 to $423.69. During the last trading day the ETF fluctuated 10.12% from a day low at $402.39 to a day high of $443.13. The price has fallen in 6 of the last 10 days and is down by -13.65% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 44 million more shares were traded than the day before. In total, 159 million shares were bought and sold for approximately $67.38 billion.

On Mar 26, 2025, it was reported that Morgan Stanley gave QQQ a "Overweight" grade with a "hold" action.

The ETF lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $421.47 is broken, it will firstly indicate a stronger fall rate.Given the current short-term trend, the ETF is expected to fall -12.59% during the next 3 months and, with a 90% probability hold a price between $368.39 and $436.94 at the end of this 3-month period.

There are mixed signals in the ETF today. The QQQ ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the ETF. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $454.82 and $487.84. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 04, 2025, and so far it has risen 0.241%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

QQQ finds support from accumulated volume at $422.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $40.74 between high and low, or 10.12%. For the last week, the ETF has had daily average volatility of 4.29%.

QQQ holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.