Invesco NASDAQ 100 ETF (QQQM)

Invesco NASDAQ 100 ETF is trading at $295.72, up 0.09% on the session. The 50 day average sits at $293.54 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 59.6, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $289.42 with resistance near $303.69, so that band frames the current range. Average daily movement is roughly $5.17, or about 1.7% of the share price, which is what any stop placement has to allow for. The overall health score of 70 out of 100 combines a trend score of 52, momentum of 79 and a risk score of 85.

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index weights its component securities using a “modified market capitalization-weighted” methodology, which takes into account the market value of the component securities subject to certain weight restrictions pursuant to the index provider’s methodology. It is non-diversified.