QQQ Weekly Technical Analysis
Nasdaq-100 Index (Tech)
Invesco QQQ - Follows the Nasdaq-100 index, heavily weighted toward major technology companies.
QQQ Technical Analysis Summary
Invesco QQQ Trust exhibits a powerful long-term uptrend, trading significantly above all major moving averages with the 50-week SMA providing distant support. However, immediate price action shows signs of exhaustion near the 636 resistance level, confirmed by a bearish MACD crossover and a cooling RSI. Investors should watch the 20-week SMA near 612 as a key pivot for continued bullish structure versus a deeper consolidation.
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QQQ Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is consolidating just below recent highs with a negative MACD histogram and a bearish crossover (MACD line below Signal line), indicating waning short-term momentum.
Long-term Sentiment (weeks to months): Bullish
The trend structure is strongly positive, with price well above the rising 20, 50, and 200-week SMAs and consistently forming higher highs and higher lows.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-01-31T23:25:34.511Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $612.50 | $610.00 - $615.00 | Strong | Confluence with the 20-week SMA (612.58) and recent consolidation support. |
| $587.50 | $585.00 - $590.00 | Weak | Aligns with the Lower Bollinger Band (588.96). |
| $555.00 | $550.00 - $560.00 | Strong | Major support zone around the rising 50-week SMA (558.17). |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $638.00 | $636.00 - $640.00 | Strong | Immediate ceiling defined by the recent weekly high (636.60) and the Upper Bollinger Band (636.21). |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Ascending Channel | Bullish | N/A | Price has been adhering to a broad upward channel since the 2023 lows, characterizing a robust long-term trend. |
| Weak | Bearish MACD Divergence | Bearish | N/A | While price has made new highs recently, the MACD momentum has not confirmed these highs, crossing downward below the signal line. |
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 just below recent highs with a negative MACD histogram and a bearish crossover (MACD line below Signal line), indicating waning short-term 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 $612.50 and $587.50. 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 144/100. 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.