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Archive
- 3/6/2026 -
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NASDAQ 100 Trust Shares (QQQ) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the NASDAQ 100 Trust Shares (QQQ). During the week, the QQQ dropped -7.54 points, or -1.24%, and closed at 599.75 on Friday, March 6, 2026. Weekly volume was 58% above average.
 Long-term trend: [See QQQ long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 254.26 and reached 637.01 on October 29, 2025. QQQ gained -382.75 points, or -150.53%, in 158 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 463.21 and resistance is at 641.40. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See QQQ medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 402.40 and reached 637.01 on October 29, 2025. QQQ gained -234.61 points, or -58.30%, in 29 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (600.90) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See QQQ weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since November 14, 2025. Use the following link to access a MACD help.
 Short-term trend: [See QQQ short-term trend chart]
A short-term uptrend had started on March 3, 2026 at 591.87 and reached 612.88 on March 4, 2026. QQQ gained -21.01 points, or -3.55%, in 1 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See QQQ daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since February 24, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price touches the lower Bollinger Band. The distance between the Bollinger Bands is falling, and it was 3.21% on Friday. It is 59.22% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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