The Greedy Trader Weekly Analysis
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- 4/24/2026 -
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NASDAQ 100 Trust Shares (QQQ) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought20 Day Moving Average has crossed above the 50 Day Moving AverageThe period of high volatility of the stock price
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It was a fourth positive week after 5 consecutive negative weeks for the NASDAQ 100 Trust Shares (QQQ). During the week, the QQQ gained 15.03 points, or 2.32%, and closed at 663.88 on Friday, April 24, 2026. Weekly volume was -26% below average.

Long-term trend: [See QQQ long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 25.05 and reached 664.51 on April 24, 2026. QQQ gained -639.46 points, or -2552.73%, in 909 weeks. Price is near the trend high.

Medium-term trend: [See QQQ medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 254.26 and reached 664.51 on April 24, 2026. QQQ gained -410.25 points, or -161.35%, in 184 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (565.57) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See QQQ weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 30, 2026 at 555.60 and reached 664.51 on April 24, 2026. QQQ gained -108.91 points, or -19.60%, in 25 days. Price is near the trend high.

Daily Technical Indicators: [See QQQ daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since April 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

The distance between the Bollinger Bands is 180.59% higher then one year average. It indicates the period of high 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 91.06
Strong Overbought
Williams' Percentage Range (W%R) 5.50
Strong Overbought
Lane's Stochastic (%D-Slow) 93.54
Strong Overbought
Greed/Fear Indicator (GFI) 93.03
Strong Overbought
Moving Average Converg./Diverg. (MACD) 11.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.06
Williams' Percentage Range (W%R) 5.50
Strong Overbought
Lane's Stochastic (%D-Slow) 58.17
Greed/Fear Indicator (GFI) 68.93
Moving Average Converg./Diverg. (MACD) 7.11
Trading Signals
Description Value Chart
Upper Bollinger Band 689.89
Price 663.88
Daily Stochastic Crossing 662.19
Quarterly Trendline Resistance 654.31
Parabolic System 643.33
Weekly Stochastic Crossing 632.16
20 Day Moving Average 615.30
50 Day Moving Average 606.42
Quarterly Trendline Support 565.57
Lower Bollinger Band 562.03
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 555.60
Low Date 03/30/2026
High 664.51
High Date 04/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 555.60
Low Date 03/30/2026
High 664.51
High Date 04/24/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 555.60
Low Date 03/30/2026
High 664.51
High Date 04/24/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 654.31
Support 565.57
Low 254.26
Low Date 10/13/2022
High 664.51
High Date 04/24/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.05
Low Date 11/21/2008
High 664.51
High Date 04/24/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.