REPORTING FOR 2019-10-18 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how QQQ has been trading over the last 2 weeks and the past day especially. On its latest session, Invesco QQQ Trust, Series 1 ($QQQ) opened at 194.18, reaching a high of 194.5 and a low of 192.81 before closing at a price of 193.365. There was a total volume of 10375636.
VOLUME INDICATORS FOR INVESCO QQQ TRUST, SERIES 1 ($QQQ): We saw an accumulation-distribution index of 2289.8755, an on-balance volume of -193.04, chaikin money flow of 9.5625 and a force index of -0.19375. There was an ease of movement rating of 0.00397, a volume-price trend of 6.34571 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR INVESCO QQQ TRUST, SERIES 1 ($QQQ): We noted an average true range of 1.65447, bolinger bands of 193.1574, an upper bollinger band of 192.0826, lower bollinger band of 192.81, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 193.83, high band keltner channel of 193.51, low band keltner channel of 194.15, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 192.81, a donchian channel low band of 192.81, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR INVESCO QQQ TRUST, SERIES 1 ($QQQ): We calculated a Moving Average Convergence Divergence (MACD) of -0.00853, a MACD signal of -0.00474, a MACD difference of -0.00379, a fast Exponential Moving Average (EMA) indicator of 192.81, a slow Exponential Moving Average (EMA) indicator of 192.81, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.45426, a trix of 2.27001, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -6.21568, a KST Oscillator (KST) of 33.31121 and a KST Oscillator (KST Signal) of 33.31121 (leaving a KST difference of -0.50913). We also found an Ichimoku rating of 194.34, an Ichimoku B rating of 194.34, a Ichimoku visual trend A of 189.15884, an Ichimoku visual trend B of 189.46354, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.
MOMENTUM INDICATORS FOR INVESCO QQQ TRUST, SERIES 1 ($QQQ): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 81.93966, a stochastic oscillator of 528.125, a stochastic oscillator signal of 528.125, a Williams %R rating of 428.125 and an awesome oscillator of -0.4775.
RETURNS FOR INVESCO QQQ TRUST, SERIES 1 ($QQQ): There was a daily return of 3.33112, a daily log return of -0.19728 and a cumulative return of -0.19709.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-10-18 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Invesco QQQ Trust, Series 1 ($QQQ)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Invesco QQQ Trust, Series 1 ($QQQ) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.