RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of QQQ
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QQQ ETF downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on Jul 24, 2024)

Sell candidate since Jul 24, 2024 PDF

The QQQ ETF price declined by -3.59% on the last trading day (Wednesday, 24th Jul 2024), dropping from $480.62 to $463.38. During this trading session, the ETF experienced fluctuations of 2.53%, ranging from a day low of $462.51 to a day high of $474.19. The price has decreased in 6 out of the last 10 days, resulting in a total decline of -7.87% over this period. Volume surged on the last day, with an increase of 35 million shares traded, although this occurred alongside falling prices. This trend may serve as an early warning, suggesting a slight increase in risk over the coming days. In total, 57 million shares changed hands, amounting to approximately $26.61 billion.

Given the current short-term trend, the ETF is expected to rise 14.94% during the next 3 months and, with a 90% probability hold a price between $532.60 and $590.68 at the end of this 3-month period.

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QQQ Signals & Forecast

There are few to no technical positive signals at the moment. The QQQ ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. 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 $479.88 and $480.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, July 10, 2024, and so far it has fallen -7.87%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

Support, Risk & Stop-loss for QQQ ETF

QQQ finds support from accumulated volume at $450.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $11.68 between high and low, or 2.53%. For the last week the ETF has had daily average volatility of 1.64%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (QQQ) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Invesco QQQ Trust to open at $466.69, and during the day (based on 14 day Average True Range), to move between $455.85 and $470.91, which gives a possible trading interval of +/-$7.53 (+/-1.63%) up or down from last closing price. If Invesco QQQ Trust takes out the full calculated possible swing range there will be an estimated 3.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $450.71 (2.73%) than the resistance at $479.49 (3.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Invesco QQQ Trust ETF A Buy?

The QQQ ETF holds several negative signals and despite the positive trend, we believe QQQ will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.

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Current score: -2.220 Sell Candidate Downgraded

Predicted Opening Price for Invesco QQQ Trust of Thursday, July 25, 2024

Fair opening price July 25, 2024 Current price
$466.69 ( 0.715%) $463.38

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for QQQ

Fibonacci Support & Resistance Levels

Level Price
R3 478.37 3.24%
R2 473.91 2.27%
R1 471.16 1.68%
Price 463.38
S1 462.23 -0.248%
S2 459.48 -0.84%
S3 455.01 -1.81%

Accumulated Volume Support & Resistance Levels

Level Price
R3 491.93 6.16%
R2 481.77 3.97%
R1 479.49 3.48%
Price 463.38
S1 450.71 -2.73%
S2 424.45 -8.40%
S3 421.52 -9.03%

QQQ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 18, 2024 Mar 18, 2024 Apr 30, 2024 $0.573 0.135%
2 Dec 26, 2023 Dec 27, 2023 Jan 15, 2024 $0.216 0.0527%
3 Dec 18, 2023 Dec 18, 2023 Dec 29, 2023 $0.81 0.197%
4 Sep 18, 2023 Sep 18, 2023 Oct 31, 2023 $0.536 0.153%
5 Sep 08, 2023 Jun 20, 2023 Jul 31, 2023 $0.504 0.131%

FAQ

What is the symbol for QQQ ETF and on which exchange is it traded?
The symbol for QQQ is QQQ and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell QQQ ETF?
The QQQ ETF holds several negative signals and despite the positive trend, we believe QQQ will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.

How to buy QQQ ETF?
QQQ ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy QQQ ETF.

What's the current price of QQQ ETF?
As of the end of day on the Jul 24, 2024, the price of an QQQ (QQQ) share was $463.38.

What is the 52-week high and low for QQQ ETF?
The 52-week high for QQQ ETF is $503.52 and the 52-week low is $342.35.

What is the market capitalization of QQQ ETF?
As of the Jul 24, 2024, the market capitalization of QQQ is 189.6B.
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About Invesco QQQ Trust

The investment seeks investment results that generally correspond to the price and yield performance of the index. To maintain the correspondence between the composition and weights of the securities in the trust (the "securities") and the stocks in the Nasdaq-100 Index®, the adviser adjusts the securities from time to time to conform to periodic changes in the identity and/or relative weights of index securities. The composition and weighti... QQQ Profile

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