Stronger technical forecast for QQQ ETF price after Wednesday trading

The QQQ ETF price gained 1.13% on the last trading day (Wednesday, 12th Mar 2025), rising from $471.60 to $476.92. During the last trading day the ETF fluctuated 1.96% from a day low at $471.80 to a day high of $481.06. The price has fallen in 6 of the last 10 days and is down by -7.31% for this period. Volume fell on the last day by -22 million shares and in total, 46 million shares were bought and sold for approximately $21.74 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

On Feb 26, 2025, it was reported that Benchmark gave QQQ a "Negative" 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 $471.20 is broken, it will firstly indicate a stronger fall rate.Given the current short-term trend, the ETF is expected to fall -4.13% during the next 3 months and, with a 90% probability hold a price between $451.73 and $511.52 at the end of this 3-month period.

A buy signal was issued from a pivot bottom point on Tuesday, March 11, 2025, and so far it has risen 1.13%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $485.54 and $516.32. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

QQQ finds support from accumulated volume at $472.73 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 $9.26 between high and low, or 1.96%. For the last week, the ETF has had daily average volatility of 2.59%.

QQQ is oversold on RSI14 (22). Some ETF may drop long and hard while being oversold on RSI before turning, which increases the general risk.

QQQ holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Sell candidate.