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 is undergoing a short-term correction within a broader long-term uptrend, evidenced by price trading between the 50-day and 200-day SMAs. Short-term momentum is bearish as indicators like MACD and RSI remain weak, suggesting a test of support at the lower Bollinger Band. However, the long-term bullish thesis remains intact as long as price holds above the rising 200-day SMA around 581.
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QQQ Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below the 20-day and 50-day SMAs with negative MACD momentum (MACD line below Signal line) and RSI trending below 50.
Long-term Sentiment (weeks to months): Bullish
Price remains well above the rising 200-day SMA, maintaining the primary uptrend structure despite recent consolidation.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-17T22:01:38.971Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $594.00 | $593.00 - $595.00 | Strong | Confluence of recent swing lows and the lower Bollinger Band. |
| $581.00 | $580.00 - $582.00 | Strong | Major structural support aligning with the rising 200-day SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $616.50 | $615.00 - $618.00 | Strong | Cluster of dynamic resistance formed by the 20-day and 50-day SMAs. |
| $640.50 | $636.00 - $645.00 | Weak | Zone of recent swing highs and upper Bollinger Band extension. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Weak | Bull Flag / Consolidation | Bullish | N/A | Price is consolidating in a downward sloping channel following a strong trend, potentially setting up for continuation if resistance breaks. |
Frequently Asked Questions about QQQ
What is the current sentiment for QQQ?
The short-term sentiment for QQQ is currently Bearish because Price is trading below the 20-day and 50-day SMAs with negative MACD momentum (MACD line below Signal line) and RSI trending below 50.. 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 $594.00 and $581.00. 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 68/100. 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.