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Stock Trend Analysis Report

Prepared for you on Wednesday, July 17, 2024.

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Long-Term Uptrend (+90) - QQQE is in a strong uptrend that is likely to continue. While QQQE is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

NASDAQ_QQQE
Open High Low QQQE Price Change
92.022 92.022 90.294 90.301 -1.722
Entry Signal

MarketClub’s Trade Triangles for QQQE

long term up The long-term trend has been UP since Dec 1st, 2023 at 79.467

intermediate term up The intermediate-term trend has been UP since Jun 17th, 2024 at 89.057

short term up The short-term trend has been UP since Jul 5th, 2024 at 89.605

Smart Scan Analysis for QQQE

Based on our trend formula, QQQE is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for QQQE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
92.022 92.022 90.294 90.301 -1.722
Prev. Close Volume Bid Ask Time
92.060 0 2024-07-17 16:29:06
52wk High92.0652wk High Date2024-07-16
52wk Low70.1852wk Low Date2023-10-30
Average Volume271,436Shares Outstanding5,000
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