Technical Analysis

Longer Term Trading Plans for QQQP

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short QQQP slightly under 201.83, target n/a, stop loss @ 202.41 Details

The technical summary data is suggesting a short of QQQP as it gets near 201.83, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 202.41. 201.83 is the first level of resistance above 178.087, and by rule, any test of resistance is a short signal. In this case, if resistance 201.83 is being tested, so a short signal would exist.

Swing Trading Plans for QQQP

• Buy QQQP slightly over 194.22, target 201.83, Stop Loss @ 193.66 Details

If 194.22 begins to break higher, the technical summary data tells us to buy QQQP just over 194.22, with an upside target of 201.83. The data also tells us to set a stop loss @ 193.66 in case the stock turns against the trade. 194.22 is the first level of resistance above 178.087, and by rule, any break above resistance is a buy signal. In this case, 194.22, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short QQQP slightly near 194.22, target 177.44, Stop Loss @ 194.78. Details

The technical summary data is suggesting a short of QQQP if it tests 194.22 with a downside target of 177.44. We should have a stop loss in place at 194.78 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 194.22, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for QQQP

• Buy QQQP slightly over 183.51, target 194.22, Stop Loss @ 183.08 Details

If 183.51 begins to break higher, the technical summary data tells us to buy QQQP just over 183.51, with an upside target of 194.22. The data also tells us to set a stop loss @ 183.08 in case the stock turns against the trade. 183.51 is the first level of resistance above 178.087, and by rule, any break above resistance is a buy signal. In this case, 183.51, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short QQQP slightly near 183.51, target 177.44, Stop Loss @ 183.94. Details

The technical summary data is suggesting a short of QQQP if it tests 183.51 with a downside target of 177.44. We should have a stop loss in place at 183.94 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 183.51, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

QQQP Technical Summary | Raw Data for the Trading Plans