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Stock Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)
Sidelines Mode (+55) - QQQE is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QQQE?
MarketClub looks at technical strength and momentum to determine if the timing is right for QQQE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for QQQE
The long-term trend has been UP since Dec 1st, 2023 at 79.467
The intermediate-term trend has been DOWN since Apr 4th, 2024 at 86.942
The short-term trend has been UP since Apr 23rd, 2024 at 84.336
Smart Scan Analysis for QQQE
Based on our trend formula, QQQE is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 85.009 | 85.382 | 84.779 | 85.330 | +0.320 |
| Prev. Close | Volume | Bid | Ask | Time |
| 84.990 | 0 | 2024-04-26 10:00:43 |
| 52wk High | 89.865 | 52wk High Date | 2024-03-21 |
| 52wk Low | 69.04 | 52wk Low Date | 2023-04-26 |
| Average Volume | 196,616 | Shares Outstanding | 5,000 |