Nasdaq-100 Index (Tech) (QQQ) Monthly 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 entrenched in an exceptionally strong secular bull market, defined by orderly stacked moving averages and an RSI solidly in bull-regime territory above 60. While current monthly price action reflects an intermediate pullback from the all-time high near 763, the broader structure remains intact well above the 20-month SMA at 619.87. Long-term investors should view current weakness as a healthy consolidation within an ongoing secular uptrend rather than a structural trend reversal.
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QQQ Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is undergoing a corrective monthly pullback from recent highs near 762.86, retreating towards the rising 20-month SMA, while RSI softens to 62.53.
Long-term Sentiment (weeks to months): Bullish
The macro structure shows robust higher highs and higher lows with perfect upward alignment of the 20, 50, and 200-month SMAs, confirmed by monthly RSI holding firmly above 60.
Report Metadata
- Timeframe: monthly
- Generated at: Nov 1, 2026
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $610.00 | $600.00 - $620.00 | Strong | Confluence of the rising 20-month SMA (619.87) and prior mid-2025 consolidation shelf. |
| $492.50 | $480.00 - $505.00 | Strong | Major structural breakout zone aligned with the rising 50-month SMA (486.91). |
| $407.50 | $400.00 - $415.00 | Moderate | Secular resistance-turned-support from the 2021 cycle peak. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $770.50 | $760.00 - $781.00 | Strong | All-time high peak at 762.86 and the monthly upper Bollinger Band boundary at 780.91. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Secular Ascending Trend | Bullish | N/A | Multi-year disciplined upward trend channel supported by successively higher swing lows and expanding moving averages since the 2022 low. |
| Strong | Multi-Year Cup and Handle Breakout | Bullish | $780.00 | Massive rounding base from late 2021 to early 2024 that broke out above the 408 level, driving the multi-year secular expansion. |
Frequently Asked Questions about QQQ
What is the current sentiment for QQQ?
The short-term sentiment for QQQ is currently Neutral because Price is undergoing a corrective monthly pullback from recent highs near 762.86, retreating towards the rising 20-month SMA, while RSI softens to 62.53. 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 $610.00 and $492.50. 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 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.