Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Sunday, October 6, 2024.
Direxion Daily Magnificent 7 Bull 2X Shares (PACF:QQQU)
Countertrend Up (+85) - QQQU is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid QQQU?
MarketClub looks at technical strength and momentum to determine if the timing is right for QQQU.
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 QQQU
The long-term trend has been UP since May 15th, 2024 at 27.75
The intermediate-term trend has been UP since Sep 17th, 2024 at 33.69
The short-term trend has been DOWN since Oct 1st, 2024 at 35.78
Smart Scan Analysis for QQQU
Based on our trend formula, QQQU is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 36.2000 | 36.3400 | 35.6000 | 36.2416 | +0.9416 |
| Prev. Close | Volume | Bid | Ask | Time |
| 36.4100 | 14704 | 2024-10-04 15:52:30 |
| 52wk High | 41.93 | 52wk High Date | 2024-07-10 |
| 52wk Low | 22.5 | 52wk Low Date | 2024-04-25 |
| Average Volume | 16,826 |