February 24, 2025, 16:08 pm ET, BY Thomas H. Kee Jr - Editor, Stock Traders Daily |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for QQQ
- Buy QQQ near 503.96 target 527.02 stop loss @ 502.5 Details
The technical summary data tells us to buy QQQ near 503.96 with an upside target of 527.02. This data also tells us to set a stop loss @ 502.5 to protect against excessive loss in case the stock begins to move against the trade. 503.96 is the first level of support below 519.8 , and by rule, any test of support is a buy signal. In this case, support 503.96 would be being tested, so a buy signal would exist.
- Short QQQ slightly under 527.02, target 503.96, stop loss @ 528.54 Details
The technical summary data is suggesting a short of QQQ as it gets near 527.02 with a downside target of 503.96. We should have a stop loss in place at 528.54though. 527.02 is the first level of resistance above 519.8, and by rule, any test of resistance is a short signal. In this case, if resistance 527.02 is being tested, so a short signal would exist.
Swing Trading Plans for QQQ
- Buy QQQ slightly over 527.02, target 533.18, Stop Loss @ 525.5 Details
If 527.02 begins to break higher, the technical summary data tells us to buy QQQ just slightly over 527.02, with an upside target of 533.18. The data also tells us to set a stop loss @ 525.5 in case the stock turns against the trade. 527.02 is the first level of resistance above 519.8, and by rule, any break above resistance is a buy signal. In this case, 527.02, 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 QQQ slightly near 527.02, target 503.96, Stop Loss @ 528.54. Details
The technical summary data is suggesting a short of QQQ if it tests 527.02 with a downside target of 503.96. We should have a stop loss in place at 528.54 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, 527.02, 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 QQQ
- Buy QQQ slightly over 527.02, target 529.49, Stop Loss @ 525.79 Details
If 527.02 begins to break higher, the technical summary data tells us to buy QQQ just slightly over 527.02, with an upside target of 529.49. The data also tells us to set a stop loss @ 525.79 in case the stock turns against the trade. 527.02 is the first level of resistance above 519.8, and by rule, any break above resistance is a buy signal. In this case, 527.02, 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 QQQ slightly near 527.02, target 503.96, Stop Loss @ 528.25. Details
The technical summary data is suggesting a short of QQQ if it tests 527.02 with a downside target of 503.96. We should have a stop loss in place at 528.25 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, 527.02, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Invesco Qqq Trust (QQQ) available here: QQQ.
QQQ Ratings for February 24:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Neutral |
Strong |
P1 |
0 |
0 |
503.96 |
P2 |
529.49 |
533.18 |
527.02 |
P3 |
535.29 |
541.66 |
547.68 |
AI Generated Signals for QQQ
Blue = Current Price
Red = Resistance
Green = Support
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Fundamental Charts for QQQ: