Red day on Friday for QQQ ETF after losing 4.80%

StockInvest.us, 1 hour ago

StockInvest.us

The QQQ ETF price fell by -4.80% on the last day (Friday, 5th Jun 2026) from $740.61 to $705.06. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 3.88% from a day low at $704.32 to a day high of $731.68. The price has risen in 6 of the last 10 days but is still down by -1.32% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -37 million shares and in total, 0 shares were bought and sold for approximately $0 .

On Jul 21, 2025, it was reported that UBS gave QQQ a "Mixed" grade with a "hold" action.

The ETF lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $693.81 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the ETF is expected to rise 31.25% during the next 3 months and, with a 90% probability hold a price between $910.61 and $1,001.48 at the end of this 3-month period.

QQQ

The QQQ ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the ETF. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $736.10. On a fall, the ETF will find some support from the long-term average at approximately $697.75. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 02, 2026, and so far it has fallen -5.51%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

On the downside, the ETF finds support just below today's level from accumulated volume at $607.76 and $582.06.There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, QQQ finds support just below today's level at $607.76. If this is broken, then the next support from accumulated volume will be at $582.06 and $577.18.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $27.36 between high and low, or 3.88%. For the last week the ETF has had daily average volatility of 1.74%

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for QQQ ETF to perform well in the short-term.

Check full QQQ forecast and analysis here.
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