# QQQM Trades at $297.64 in Oct. 16 Snapshot as Daily Momentum Weakens

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/33680
Published: 2026-10-17T03:06:58.000Z
Updated: 2026-10-17T03:06:58.000Z
Section: Investing

> The intraday reading was down 0.72% from the previous close, while its hourly MACD histogram was slightly positive.

Invesco NASDAQ 100 ETF (QQQM) traded at $297.64 at 10:46 a.m. ET (14:46 UTC) on Oct. 16, down 0.72% from its previous close of $299.79. The intraday snapshot showed negative daily momentum readings alongside a slightly positive hourly MACD histogram.

The daily MACD histogram was -1.57, and the daily 14-period relative strength index (RSI14) was 41.07. On the hourly timeframe, the MACD histogram was +0.02 and RSI14 was 35.29. The MACD histogram readings were on opposite sides of zero across the two timeframes.

QQQM offers exposure to the Nasdaq-100, which includes 100 of the largest domestic and international nonfinancial companies listed on Nasdaq. The price and indicator readings describe the fund’s market snapshot; they do not establish a change in the index’s composition or the fund’s stated strategy.