Nasdaq-100 Index (Tech) (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 corrective pullback within a broader primary uptrend, having recently found buyers near its rising 200-day SMA and lower Bollinger Band. While short-term momentum remains negative beneath the 20-day and 50-day moving averages, long-term structure remains protected as long as the 677–682 support zone holds. A sustained break back above the 720–725 moving-average cluster is required to resume the prevailing bullish trend.
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QQQ Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below both the declining 20-day and 50-day moving averages following a sharp selloff from the October highs, with the RSI remaining subdued below 40.
Long-term Sentiment (weeks to months): Bullish
The 200-day moving average is sloping upward and maintaining a position well below current price, with the 50-day SMA positioned above the 200-day SMA in a broader multi-month uptrend.
Report Metadata
- Timeframe: daily
- Generated at: Nov 4, 2026
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $679.50 | $677.00 - $682.00 | Strong | Confluence of the rising 200-day SMA at 680.55 and the lower Bollinger Band boundary. |
| $664.00 | $660.00 - $668.00 | Moderate | Major structural swing low established during the early August selloff. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $721.00 | $717.00 - $725.00 | Strong | Overhead convergence of the 20-day SMA at 717.42 and the 50-day SMA at 723.56. |
| $760.00 | $755.00 - $765.00 | Moderate | Recent all-time swing high area and upper Bollinger Band resistance. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Mean Reversion / Support Bounce | Bullish | $717.42 | Price recently tapped the lower Bollinger Band and the 200-day SMA, staging a rebound candle from oversold-leaning conditions. |
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 both the declining 20-day and 50-day moving averages following a sharp selloff from the October highs, with the RSI remaining subdued below 40. 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 $679.50 and $664.00. 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 70/100. 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.