(QQQM) Investment analysis

December 16, 2024, 5:06 PM ET, BY Simon M. – Contributor| Editor: Thomas H. Kee Jr. (Follow along on LinkedIn)

Long term trading plans for QQQM

• Buy QQQM near 217.25 target n/a stop loss @ 216.62. Details

The technical summary data tells us to buy QQQM near 217.25, but there is no current upside target from the summary table. In this case, we should wait until either an update of the summary table has been made (which usually happens at the beginning of each trading day) or until the position has been stopped. The data tells us to set a stop loss of 216.62 to protect against excessive losses if the stock starts to move against the trade. 217.25 is the first level of support below 221.46 and usually any test of support is a buy signal. In this case, if support 217.25 is tested, a buy signal would exist.

• NONE. Details

NONE.
There are no current resistance levels from the overview table and therefore no short resistance plans telling us to short resistance tests. Resistance levels have broken higher and unless the stock bounces back lower and below support levels again, short positions look risky.

Swing Trading Plans for QQQM

• Buy QQQM just over n/a, target n/a, Stop Loss @ 0 Details

If n/a starts to break higher, the technical summary data tells us to buy QQQM just above n/a with an upside target of n/a. The data also tells us to set a stop loss @ 0 if the stock reverses the trade. n/a is the first level of resistance above 221.46 and usually any break above resistance is a buy signal. In this case, n/a, initial resistance, would break higher so a buy signal would exist. Because this plan is based on a resistance breakout, it is referred to as a long resistance plan.

• Short QQQM little close to n/a, target 220.7, Stop Loss @ 0. Details

The summary technical data suggests a shortfall for QQQM if it tests n/a with a downside target of 220.7. However, we should have a stop loss in place at 0 in case the stock starts moving towards the trade. As a rule, any resistance test is a short signal. In this case, if resistance, n/a, is tested, a short signal will exist. Because this plan is a short plan based on a resistance test, it is referred to as a short resistance plan.

Day trading plans for QQQM

• Buy QQQM just over n/a, target n/a, Stop Loss @ 0 Details

If n/a starts to break higher, the technical summary data tells us to buy QQQM just above n/a with an upside target of n/a. The data also tells us to set a stop loss @ 0 if the stock reverses the trade. n/a is the first level of resistance above 221.46 and usually any break above resistance is a buy signal. In this case, n/a, initial resistance, would break higher so a buy signal would exist. Because this plan is based on a resistance breakout, it is referred to as a long resistance plan.

• Short QQQM little close to n/a, target 220.7, Stop Loss @ 0. Details

The summary technical data suggests a shortfall for QQQM if it tests n/a with a downside target of 220.7. However, we should have a stop loss in place at 0 in case the stock starts moving towards the trade. As a rule, any resistance test is a short signal. In this case, if resistance, n/a, is tested, a short signal will exist. Because this plan is a short plan based on a resistance test, it is referred to as a short resistance plan.

Check the time stamp on this data. Updated AI generated signals to Invesco Nasdaq 100 ETF (QQQM) available here: QQQM.

QQQM ratings for December 16:

Term →	Near	Middle	Long
Assessment	Neutral	Strong	Strong
P1	0	0	198.96
P2	217.49	217.58	208.56
P3	219.47	220.7	217.25

AI generated signals for QQQM

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Warning:

This is a static report, the data below was valid at the time of publication, but support and resistance levels for QQQM change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules governing the data in this report are the rules for Technical Analysis. For example, if QQQM tests support, buy signals appear and resistance is the target. Conversely, if resistance is tested, it is a sign to check risk or short, and support would be downside targets accordingly. In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel) and also act as a level of risk control.

Swing trades, day trades and long-term trading plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading and long-term investment plans for QQQM as well. All of these are offered below the overview table.