PowerShares QQQ (QQQ) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for QQQ · data as of Jul 31, 2026. The chart above is live; the read below updates daily.

$687.99last close · Jul 31, 202652-week range $551.68 – $748.65 · 8.1% below the high
Falling Wedge · playing out now

QQQ is breaking down out of a falling wedge — these usually break higher, so a drop lower instead is a notably bearish turn.

On this chart, setups like it have followed through about 44% of the time.

As long as price stays below $726.4, it's in play — a daily close back above there calls it off.

The move's natural target sits near $652.4.

QQQ Falling Wedge Pattern

QQQ is currently forming a falling wedge on the daily timeframe. Detected Jul 31, 2026.

DirectionBearishTarget$652.44Projected move−5.0%Breakout level$687.73

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

How Falling Wedges Have Performed

Win rate
54.1%
Avg return
+0.50R
Backtested trades
5,488
QQQ win rate
50.0%

Historical pattern statistics (2006-07-31 – 2026-07-31), not a prediction.

How these backtests work →

QQQ Pattern Trade History

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

PatternEntryExitOutcomeResult
TriangleJul 16, 2026 @ $709.11Jul 28, 2026 @ $668.69Win+2.34R
Falling WedgeMar 26, 2026 @ $575.95Apr 13, 2026 @ $617.39Loss-1.11R
Falling WedgeMar 19, 2026 @ $589.51Mar 27, 2026 @ $563.85Win+1.08R
TriangleMar 12, 2026 @ $599.00Mar 20, 2026 @ $581.41Win+1.23R
TriangleMar 6, 2026 @ $600.01Mar 20, 2026 @ $584.30Win+0.93R
Falling WedgeFeb 24, 2026 @ $607.10Mar 19, 2026 @ $593.02Loss-1.02R
TriangleJan 9, 2026 @ $624.80Jan 20, 2026 @ $608.06Loss-1.14R
Rising WedgeFeb 21, 2025 @ $532.08Feb 27, 2025 @ $505.33Win+3.07R
TriangleFeb 13, 2025 @ $529.98Feb 27, 2025 @ $500.27Loss-1.57R
Falling WedgeJan 16, 2025 @ $518.98Feb 21, 2025 @ $526.08Win+0.37R
TriangleJan 8, 2025 @ $512.86Jan 22, 2025 @ $531.51Loss-1.24R
Rising WedgeDec 6, 2024 @ $525.42Mar 6, 2025 @ $488.20Loss-1.20R

Recent Falling Wedges on Other Charts

CTAShit target +21.9%Jul 31, 2026XOMhit target +11.3%Jul 31, 2026CMIstopped −10.8%Jul 29, 2026FTVstopped −1.2%Jul 29, 2026

Learn about falling wedge

QQQ Support and Resistance Levels

Price is being turned away at a ceiling near $714.92 and starting to slide. On the weekly chart, the next floor below sits near $674.90 — about 1.9% away.

  • Traders commonly watch $674.90 as a target (its 38.2% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $714.92 ceiling about a week ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

QQQ Recent Daily Prices

DateOpenHighLowClose
Jul 31, 2026$692.11$695.77$680.05$687.99
Jul 30, 2026$674.76$685.12$673.30$683.55
Jul 29, 2026$675.51$680.05$661.14$661.73
Jul 28, 2026$676.23$679.40$667.88$675.49
Jul 27, 2026$691.68$692.30$675.95$682.12
Jul 24, 2026$690.41$692.63$682.48$684.23
Jul 23, 2026$694.67$698.66$687.79$691.96
Jul 22, 2026$703.62$709.65$703.62$705.35
Jul 21, 2026$706.57$710.05$702.80$708.97
Jul 20, 2026$702.16$705.80$695.51$696.06

QQQ Frequently Asked Questions

What chart pattern is QQQ forming right now?
As of Jul 31, 2026, TradingPal's detector identifies a falling wedge on PowerShares QQQ (QQQ) on the daily chart, with a measured-move target of $652.44.
Is a falling wedge bullish or bearish?
The falling wedge detected on QQQ is a bearish pattern, projecting a measured-move target of $652.44. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (5,488 trades over 631 symbols), it resolved in the expected direction 54.1% of the time with an average of +0.50R. These are historical statistics, not a prediction.
What is the price target if QQQ's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $652.44 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was QQQ's closing price on Jul 31, 2026?
PowerShares QQQ (QQQ) last closed at $687.99 on Jul 31, 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.