QQQ Daily Technical Analysis
Nasdaq-100 Index (Tech)
Invesco QQQ - Follows the Nasdaq-100 index, heavily weighted toward major technology companies.
QQQ Technical Analysis Summary
QQQ remains in a confirmed long-term uptrend, holding well above its major moving averages, but is currently undergoing a period of consolidation and momentum loss. Short-term indicators like the MACD bearish crossover and divergence suggest potential for a pullback or continued sideways chop, likely testing the 50-day SMA support zone near 616. Traders should watch for a decisive break of the 611-616 support zone to signal a deeper correction, or a reclaim of 630 to resume the uptrend.
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QQQ Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is consolidating sideways around the 20-day SMA (620.47), with the RSI (51.02) indicating a lack of directional momentum. The MACD has recently crossed bearishly and shows negative histogram expansion, suggesting short-term weakness, but price remains supported above the 50-day SMA.
Long-term Sentiment (weeks to months): Bullish
The asset remains in a robust long-term uptrend, trading well above both the rising 50-day SMA (616.20) and the 200-day SMA (569.09).
Report Metadata
- Timeframe: daily
- Generated at: 2026-01-23T15:02:10.549Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $613.67 | $611.13 - $616.20 | Strong | Confluence of the Lower Bollinger Band and the 50-day SMA. |
| $597.50 | $595.00 - $600.00 | Strong | Psychological support and previous swing lows from December consolidation. |
| $572.00 | $569.00 - $575.00 | Strong | Major long-term support near the 200-day SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $632.40 | $629.80 - $635.00 | Weak | Upper Bollinger Band area and immediate overhead supply. |
| $642.50 | $640.00 - $645.00 | Strong | Recent all-time highs and top of the current consolidation range. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bearish Divergence (Momentum) | Bearish | N/A | While price has made higher highs from November through January, the MACD indicator has made a series of lower highs, indicating waning buying pressure. |
| Weak | Rising Wedge | Bearish | $600.00 | Price action over the last few months shows converging trendlines with higher highs and higher lows, often a precursor to a breakdown. |
Frequently Asked Questions about QQQ
What is the current sentiment for QQQ?
The short-term sentiment for QQQ is currently Neutral because Price is consolidating sideways around the 20-day SMA (620.47), with the RSI (51.02) indicating a lack of directional momentum. The MACD has recently crossed bearishly and shows negative histogram expansion, suggesting short-term weakness, but price remains supported above the 50-day SMA.. The long-term trend is classified as Bullish.
What are the key support levels for QQQ?
StockDips.AI has identified key support levels for QQQ at $613.67 and $597.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is QQQ in a significant dip or a Value Dip right now?
QQQ has a Value Score of 44/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.