Downtrend Intact: QQQ Rejected at EMAs, Trades $681.09
Bearish
Nov 3, 2026 at 12:03 AM
•
$681.09
(-1.37%)
Shares of QQQ (QQQ) declined 1.37% to $681.09 on November 3.
The technical setup looks bearish:
Momentum
RSI at 31.6 is in neutral territory but trending lower. MACD reads -8.97 against its -4.65 signal line (bearish).
Moving Averages
The stock trades below its 9-day EMA ($706.91) with the 21-day ($717.84) acting as overhead resistance.
Volatility
Price has pierced the lower Bollinger Band ($682.37), which often precedes a bounce.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $682.37.
Watch $682.37 as support and $766.49 as resistance.