Statistics of Price Movements of Nasdaq QQQ Invesco ETF (QQQ)

The price movements of Nasdaq QQQ Invesco ETF (ticker QQQ) are summarized in five ways:

• Table 1. Statistics of daily price changes using the closing prices
• Table 2. Statistics of daily price changes using the closing and opening prices
• Table 3 – 7. Statistics of daily price changes when QQQ opened with an increase of 1%, 2%, 3%, 4%, or more than 5%
• Table 8 – 10. Statistics of stock price changes in the 20 days after QQQ had a big price move
• Table 11. Statistics of daily price changes in the 20 days after QQQ moved 5% with twice the 30-day average volume

The statistics are calculated using QQQ's price data across 1,547 trading days from 2015 to 2020.

Table 1. Statistics of QQQ one-day price changes

In this table, the one-day price change is calculated using the closing price and the previous day's closing price.

In the past 1,547 trading days, 54.8% of the time (847 days), QQQ closed above the previous day's closing price. 41.7% of the time (644 days), it closed below the previous day's closing price. 3.6% of the time (55 days), it did not change.

Also see: VIX price movement study.

QQQ Price Change (%)	Number of Days	% of Total Sessions
8 – 9%	1	0.06%
7 – 8%	3	0.19%
6 – 7%	2	0.13%
5 – 6%	4	0.26%
4 – 5%	3	0.19%
3 – 4%	8	0.52%
2 – 3%	43	2.78%
1 – 2%	184	11.90%
0 – 1%	599	38.75%
0%	55	3.56%
0 – -1%	445	28.78%
-1 – -2%	116	7.50%
-2 – -3%	43	2.78%
-3 – -4%	26	1.68%
-4 – -5%	9	0.58%
-5 – -6%	2	0.13%
-6 – -7%	1	0.06%
-9 – -10%	1	0.06%
-11 – -12%	1	0.06%

Table 2. Statistics of QQQ: Closing vs. Open

In this table, instead of using the closing price of the previous day, the opening price is used to calculate the one-day price change of QQQ.

52.2% of the time (807 days), QQQ closed above the opening price. 43.6% of the time (674 days), it closed below the opening price. 4.3% of the time (66 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
5 – 6%	1	0.06%
4 – 5%	3	0.19%
3 – 4%	6	0.39%
2 – 3%	27	1.75%
1 – 2%	130	8.40%
0 – 1%	640	41.37%
0%	66	4.27%
0 – -1%	509	32.90%
-1 – -2%	116	7.50%
-2 – -3%	30	1.94%
-3 – -4%	16	1.03%
-4 – -5%	2	0.13%
-6 – -7%	1	0.06%

Table 3. One-day performance when QQQ opened 5% higher than previous close

In the past 1,547 trading days, QQQ opened more than 5% higher than the previous day's closing price 3 times. Of these days, 66.7% (2 days) had closing prices above the opening price, and 33.3% (1 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
2 – 3%	2	66.67%
-2 – -3%	1	33.33%

Table 4. Closing vs. open when QQQ opened 4–5% higher

On 0 days, QQQ opened 4–5% higher than the previous day's closing price. Of these days, NaN% (0 days) had closing prices above the opening price, and NaN% (0 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions

Table 5. Closing vs. open when QQQ open 3 – 4% higher

4 times QQQ opened 3 – 4% higher than the previous day's closing price. Among these days, 75.0% (3 days) closed above the opening price, 25.0% (1 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
3 – 4%	2	50.00%
1 – 2%	1	25.00%
-3 – -4%	1	25.00%

Table 6. Closing vs. open when QQQ open 2 – 3% higher

12 times QQQ opened 2 – 3% higher than the previous day's closing price. Among these days, 58.3% (7 days) closed above the opening price, 41.7% (5 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
2 – 3%	2	16.67%
1 – 2%	1	8.33%
0 – 1%	4	33.33%
0 – -1%	2	16.67%
-1 – -2%	1	8.33%
-2 – -3%	1	8.33%
-6 – -7%	1	8.33%

Table 7. Closing vs. open when QQQ open 1 – 2% higher

76 times QQQ opened 1 – 2% higher than the previous day's closing price. Among these days, 63.2% (48 days) closed above the opening price, 36.8% (28 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
5 – 6%	1	1.32%
3 – 4%	1	1.32%
2 – 3%	2	2.63%
1 – 2%	10	13.16%
0 – 1%	34	44.74%
0 – -1%	16	21.05%
-1 – -2%	7	9.21%
-2 – -3%	2	2.63%
-3 – -4%	3	3.95%

Table 8. Periods when QQQ moved 15% or more

In this table, we track the price movements in the 20 days after QQQ had a one-day price change of at least 15%.

Date	Price Change	Price Change after 15% Move
Days after:		1	4	7	10	13	16	19

Table 9. Periods when QQQ moved 10% or more

In this table, we track the price movements in the 20 days after QQQ had a one-day price change of at least 10%.

Date	Price Change	Price Change after 10% Move
Days after:		1	4	7	10	13	16	19
20200316	-11.9%	7.6	.8	7.7	13.4	9.9	16.0	18.6

Table 10. Periods when QQQ moved 5% or more

In this table, we track the price movements in the 20 days after QQQ had a one-day price change of at least 5%.

Date	Price Change	Price Change after 5% Move
Days after:		1	4	7	10	13	16	19
20200313	8.4%	-12.0	-7.6	-4.5	-3.7	-5.2	2.2	4.4
20200324	7.7%	-.7	4.6	1.3	6.9	9.4	14.0	15.8
20200317	7.5%	-3.0	-6.4	5.4	4.5	.7	10.1	11.5
20200406	7.1%	-.0	2.2	6.6	8.3	7.1	7.6	8.3
20201109	6.8%	-1.8	.8	.5	.6	2.7	5.2	5.9
20181226	6.2%	.4	1.2	2.5	5.5	4.5	7.3	6.2
20200310	5.4%	-4.4	-17.1	-13.0	-10.0	-9.2	-10.7	-3.7
20200326	5.2%	-3.4	-5.0	2.4	4.7	10.4	12.2	9.9
20200302	5.1%	-3.2	-3.8	-9.7	-21.7	-17.9	-15.1	-14.3
20150826	5%	2.5	-1.9	-.8	.8	2.2	4.0	1.0
20200903	-5%	-1.3	-5.2	-2.9	-7.1	-8.1	-3.6	-1.8
20200227	-5.8%	.9	7.0	-5.1	-13.0	-10.7	-16.3	-10.6
20200309	-6.9%	5.4	-.6	-8.8	-11.9	-.9	-1.6	-5.3
20200312	-9.1%	8.5	-.4	-3.9	8.2	7.4	3.4	13.1
20200316	-11.9%	7.6	.8	7.7	13.4	9.9	16.0	18.6

Table 10a. QQQ average price changes following a 5% up day

Of the 1,547 trading days from 2015 to 2020, there were 10 days in which QQQ was up more than 5%. This table shows the average price changes over the 10 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	-2.6	-3.3	-.9	-.4	.5	3.7	4.5

Table 10b. QQQ average price changes following a 5% down day

Of the 1,547 trading days from 2015 to 2020, there were 5 days in which QQQ was down more than -5%. This table shows the average price changes over the 5 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	4.2	.3	-2.6	-2.1	-.5	-.4	2.8

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Also see: VIX price movement study.