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 currently in a neutral consolidation phase, trading within a tight range bounded by the upper Bollinger Band and the 50-day SMA. While short-term momentum is flat as evidenced by the neutral RSI and MACD, the long-term technical structure remains bullish with the price maintained well above the rising 200-day moving average. A breakout above 635 or a breakdown below 612 would likely dictate the next directional leg.
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QQQ Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is consolidating sideways between the 50-day SMA and the upper Bollinger Band. RSI is near 52 (midpoint), and MACD is flat and converging near the zero line, indicating a lack of immediate directional momentum.
Long-term Sentiment (weeks to months): Bullish
The long-term trend remains upward, with the price clearly positioned above the rising 200-day SMA and holding support along the 50-day SMA. The chart shows a sequence of higher highs and higher lows over the longer timeframe.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T15:01:27.517Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $618.50 | $618.00 - $619.00 | Strong | Coincides closely with the 50-day SMA (618.88), acting as dynamic support. |
| $611.50 | $610.00 - $613.00 | Strong | Aligns with the lower Bollinger Band (612.87) and recent consolidation lows. |
| $575.00 | $570.00 - $580.00 | Strong | Major structural support zone anchored by the rising 200-day SMA (575.34). |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $635.00 | $634.00 - $636.00 | Strong | Upper Bollinger Band (634.11) and area of recent rejection highs. |
| $639.00 | $638.00 - $640.00 | Weak | Recent wick highs and psychological resistance level. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Horizontal Consolidation | Neutral | N/A | Price has been oscillating sideways roughly between 610 and 635 for several weeks, digesting recent gains. |
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 between the 50-day SMA and the upper Bollinger Band. RSI is near 52 (midpoint), and MACD is flat and converging near the zero line, indicating a lack of immediate directional momentum.. 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 $618.50 and $611.50. 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 116/100. 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.