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Archive
- 5/23/2025 -
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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 -12.27 points, or -2.35%, and closed at 509.24 on Friday, May 23, 2025. Weekly volume was 55% 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 540.80 on February 19, 2025. QQQ gained -286.54 points, or -112.70%, in 122 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 487.67 and resistance is at 560.16. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel 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 523.00 on May 21, 2025. QQQ gained -120.60 points, or -29.97%, in 6 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 496.01 and resistance is at 526.81. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See QQQ weekly technical indicators chart]
Weekly technical indicators are neutral.
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 downtrend had started on May 21, 2025 at 523.00 and reached 505.58 on May 23, 2025. QQQ lost 17.42 points, or 3.33%, in 2 days. The price is now at the 21.01% retracement level.
Daily Technical Indicators: [See QQQ daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 Lane's Stochastic help.
The daily MACD line is above its signal line since April 11, 2025. The distance between MACD and the signal line is low and getting smaller.
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.
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