For its latest trading sesion, Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) dropped by -0.9% – here is what that looked like (as of 2020-01-06):
What’s the reason for these moves? To grasp this action better, it is helpful to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.016, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.333, an Accumulation/Distribution Index (ADI) of 1.333, an On-Balance Volume (OBV) of 535.472, and a Chaiikin Money Flow (CMF) of 216.16. 1.009
Now let’s plug these indicators in. Consulting Trading View, putting it all together gets the following:
So there you have it – our analysis of Invesco QQQ Trust, Series 1 (NASDAQ:QQQ). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.