PowerShares QQQQQQ

PowerShares QQQ (QQQ) chart patterns, support & resistance & technical analysis

Auto-detected technical analysis for QQQ · data as of Aug 28, 2026. The chart above is live; the read below updates daily.

$716.43last close · Aug 28, 202652-week range $555.60 – $748.65 · 4.3% below the high

QQQ falling wedge pattern

QQQ is currently forming a falling wedge on the daily timeframe. Detected Aug 28, 2026.

A falling wedge usually breaks higher, but QQQ is breaking lower out of it instead — a notably bearish turn. A breakout projects a measured-move target near $652.38 (−5.0%).

DirectionBearishTarget$652.38Projected move−5.0%Breakout level$687.73

New to this pattern? What a falling wedge is and how to trade it →

QQQ's most recent rising wedge trade

QQQ's most recent completed rising wedge resolved as a win: it broke down on Oct 16, 2026 near $714.05, then reached its target at $663.82 on Nov 5, 2026 — a 7.0% move (+1.03R) over 14 sessions. Across 151,067 backtested rising wedges, this setup wins 38.0% of the time.

OutcomeWinResult+7.0%R+1.03REntry$714.05Exit$663.82

Learn about rising wedge

QQQ pattern trade history

Every completed pattern trade our nightly backtest found on QQQ's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Rising wedgeOct 16, 2026 @ $714.05Nov 5, 2026 @ $663.82Win+7.0% · +1.03R
Rising wedgeOct 15, 2026 @ $717.00Nov 5, 2026 @ $665.12Win+7.2% · +1.13R
Rising wedgeOct 5, 2026 @ $756.40Oct 15, 2026 @ $718.55Loss+7.8% · -1.88R
TriangleSep 21, 2026 @ $729.41Oct 13, 2026 @ $739.51Win+1.2% · +0.63R
TriangleSep 10, 2026 @ $707.55Sep 21, 2026 @ $727.89Loss+8.5% · -1.42R
TriangleJul 23, 2026 @ $694.67Aug 5, 2026 @ $726.39Loss+5.4% · -1.00R
Falling wedgeJul 17, 2026 @ $690.72Jul 29, 2026 @ $665.33Win+3.7% · +0.71R
Rising wedgeJun 26, 2026 @ $704.13Sep 22, 2026 @ $745.45Loss+12.5% · -1.00R
Falling wedgeApr 8, 2026 @ $608.71May 20, 2026 @ $705.29Win+3.7% · +3.19R
Falling wedgeMar 26, 2026 @ $576.35Mar 27, 2026 @ $563.41Win+2.3% · +0.35R
Falling wedgeMar 20, 2026 @ $584.53Mar 27, 2026 @ $570.60Win+2.4% · +0.48R
TriangleMar 18, 2026 @ $594.78Mar 20, 2026 @ $580.49Win+2.4% · +0.77R

Falling wedge examples on other charts

Historical examples from the published simulation. This selection is not a win-rate sample.

IAUMGold Trust Micro iShares Gold Trust Micro Etv Shares R
Winning trade · +7.3%
Opened Jul 21, 2026
Closed Aug 18, 2026
Open IAUM’s live chart →
ETNEaton
Losing trade · −9.9%
Opened Jul 29, 2026
Closed Jul 31, 2026
Historical example
Open ETN’s live chart →
BTC-USDBitcoin / U.S. Dollar
Losing trade · −13.0%
Opened Jun 30, 2026
Closed Jul 15, 2026
Historical example
Open BTC-USD’s live chart →
VVisa
Winning trade · +3.6%
Opened Apr 8, 2026
Closed May 6, 2026
Historical example
Open V’s live chart →

Learn about falling wedge

QQQ support and resistance levels

Price found a floor near $666.95 about 4 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $836.16 — still about 17% away.

  • Traders commonly watch $836.16 as a target (its 200% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $666.95 floor about 4 weeks ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

QQQ recent daily prices

DateOpenHighLowClose
Aug 28, 2026$719.74$724.13$715.09$716.43
Aug 27, 2026$716.93$721.35$714.53$721.11
Aug 26, 2026$708.41$713.02$707.97$711.37
Aug 25, 2026$711.22$714.04$707.45$710.72
Aug 24, 2026$709.66$709.79$702.70$706.32
Aug 21, 2026$715.23$715.67$709.20$713.44
Aug 20, 2026$712.09$714.94$708.52$710.93
Aug 19, 2026$720.39$721.50$712.61$716.08
Aug 18, 2026$720.21$722.13$715.92$717.51
Aug 17, 2026$732.95$734.58$729.27$729.87

QQQ frequently asked questions

What chart pattern is QQQ forming right now?
As of Aug 28, 2026, TradingPal's detector identifies a falling wedge on PowerShares QQQ (QQQ) on the daily chart, with a measured-move target of $652.38.
Is a falling wedge bullish or bearish?
The falling wedge detected on QQQ is a bearish pattern, projecting a measured-move target of $652.38. See its full backtested track record above — that's the real edge, not the textbook label.
What is the price target if QQQ's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $652.38 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was QQQ's closing price on Aug 28, 2026?
PowerShares QQQ (QQQ) last closed at $716.43 on Aug 28, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.