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Downtrend ResistanceArchive
- 6/20/2025 -
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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 gave back -0.13 points, or -0.02%, and closed at 526.83 on Friday, June 20, 2025. Weekly volume was 22% above average.
 Long-term trend: [See QQQ long-term trend chart]
A long-term downtrend had started on February 19, 2025 at 540.80 and reached 402.40 on April 7, 2025. QQQ lost 138.40 points, or 25.59%, in 6 weeks. The price is now at the 89.91% retracement level.
 Medium-term trend: [See QQQ medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 402.40 and reached 536.78 on June 11, 2025. QQQ gained -134.38 points, or -33.39%, in 9 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (561.82) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See QQQ weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 16, 2025. This is an indication that the medium-term trend is up. 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 June 11, 2025 at 536.78 and reached 524.88 on June 20, 2025. QQQ lost 11.90 points, or 2.22%, in 9 days. The price is now at the 16.39% retracement level.
 Daily Technical Indicators: [See QQQ daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
The daily MACD line is below its signal line since May 28, 2025. This is an indication that the short-term trend is down.
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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