September 16, 2024, 10:52 AM ET, BY Thomas Y. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for QQQ

• Buy QQQ just above 461.89, target 487.78, stop loss at 460.56 Details

The technical summary data tells us to buy QQQ at 461.89 with an upside target of 487.78. This data also tells us to set a stop loss at 460.56 to protect ourselves from excessive losses in case the stock starts to move against the trade. 461.89 is the first support level below 471.14, and any test of support is usually a buy signal. In this case, support at 461.89 would be tested, so a buy signal would be present.

• Short QQQ just below 487.78, target 461.89, stop loss at 489.19 Details

The technical summary data suggests a short of QQQ as it approaches 487.78, with a downside target of 461.89. However, we should place a stop loss at 489.19. 487.78 is the first resistance level above 471.14, and any test of resistance is usually a short signal. In this case, a short signal would be present if the resistance 487.78 is tested.

Swing Trading Plans for QQQ

• Buy QQQ just above 487.78, target 511, stop loss at 486.37 Details

If 487.78 starts to rise, the technical summary data tells us to buy QQQ just above 487.78, with an upside target of 511. The data also tells us to set a stop loss at 486.37 in case the stock turns against the trade. 487.78 is the first resistance level above 471.14, and any break above resistance is usually a buy signal. In this case, 487.78, the initial resistance, would move up, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short QQQ close to 487.78, target 470.38, stop loss at 489.19. Details

The technical summary data suggests a short of QQQ if it tests 487.78, with a downside target of 470.38. However, we should place a stop loss at 489.19 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 487.78 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for QQQ

• Buy QQQ just above 474.55, target 480.67, stop loss at 473.44. Details

If 474.55 starts to rise, the technical summary data tells us to buy QQQ just above 474.55, with an upside target of 480.67. The data also tells us to set a stop loss at 473.44 in case the stock turns against the trade. 474.55 is the first resistance level above 471.14, and any break above resistance is usually a buy signal. In this case, 474.55, the initial resistance, would move higher, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short QQQ close to 474.55, target 470.38, stop loss at 475.66. Details

The technical summary data suggests a short of QQQ if it tests 474.55, with a downside target of 470.38. However, we should place a stop loss at 475.66 in case the stock starts moving against the trade. Any test of resistance is usually a short signal. In this case, a short signal would be present if the resistance 474.55 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Invesco Qqq Trust (QQQ) available here: QQQ.

QQQ Ratings for September 16:

AI-generated signals for QQQ

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The price is most important for #earn money on the #StockMarket. Stock Traders Daily is celebrating its 20th anniversary providing the tools to help you develop investment strategies and this is a good example. When we combine this with our market-based analysis, the likelihood of going with the flow increases and that matters over time. The Invesco Qqq Trust (NYSE:QQQ) The report below may help you, but we also have more details. The trading plans for QQQ and the other 1000+ stocks we track are updated in real time for subscribers, but this report is static. If you want an update or a different report, get it here: Unlimited Real-Time Reports.