QQQ is moving sideways with no clear trend
+5
BearishSidewaysBullish
Why this reading
- Price is above its 200-day average ($677.97).
- 50-day average is above the 200-day (long-term structure is up).
- The 50-day average is rising (+0.05%/day).
- Price is below its 50-day average ($725.07).
- MACD momentum is weakening and the MACD line is below zero.
- Recent swings show lower highs and lower lows.
Price chart
Lower pane: RSI (14) with 70 and 30 marked. Arrows mark candlestick patterns.
Indicators
| Indicator | Value | Reading | What it means |
|---|---|---|---|
| Moving averages | Mixed | Neutral | 20-day $731.08, 50-day $725.07, 200-day $677.97 |
| RSI (14) | 44.3 | Bearish | Sellers have the upper hand. |
| MACD (12,26,9) | -1.84 | Bearish | MACD is below its signal line. |
| Bollinger %B | 0.28 | Neutral | Bands are 10.1% wide. |
| Volatility (ATR 14) | $11.23 (1.6%) | Neutral | Typical daily volatility. |
| Volume vs 20d avg | 0.45× | Neutral | Light volume — the latest move has little participation. |
| 52-week range | 77% | Neutral | Low $554.41, high $762.83 |
Key levels
- $746.56Resistance, 3 touches+4.4%
- $735.32Resistance, 2 touches+2.9%
- $724.98Resistance, 6 touches+1.4%
- $714.82Last close
- $700.40Support, 7 touches-2.0%
- $611.93Support, 5 touches-14.4%
- $590.26Support, 6 touches-17.4%
Recent candlestick patterns
- Morning StarBullish
Down candle, small pause candle, then a strong up candle — a three-bar reversal pattern.
- Shooting StarBearish
Long upper wick after an advance — buyers were rejected at higher prices.
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