Stock Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
Direxion NASDAQ-100 Equal Weighted Index Shares (PACF: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.
MarketClub’s Trade Triangles for QQQE
The long-term trend has been UP since Aug 8th, 2022 at 72.105
The intermediate-term trend has been UP since Jul 19th, 2022 at 66.470
The short-term trend has been UP since Jul 28th, 2022 at 68.510
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).
|Year High||47.98||Year High Date||2018-08-29|
|Year Low||41.09||Year Low Date||2018-10-29|
|52wk High||90.2099||52wk High Date||2021-11-16|
|52wk Low||60.405||52wk Low Date||2022-06-16|
|Year End Close||37.95||Average Volume||97,367|