SteadyTapeQuantitative Market Research

20-Week MA Touch

QQQ tests its 20-week MA 3.2x a year; 54% close back above the same week and only 7% stay below beyond 3 weeks.

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What actually happens when an index in an uptrend tests its 20-week moving average. Counts every touch-from-above, then reports how often the test is bought immediately, the full distribution of consecutive weeks spent below when it is not, and forward 1W/1M/3M/6M returns measured from the touch week. Touches that occur below the 40-week MA are excluded — a test on the way down is a different event and blending the two makes the base rates meaningless.

Touches
54
3.2/yr
Bought same week
54%
29 of 54
Stayed below >3w
7%
4 of 54
3M median from touch
+6.6%
81% win · n=52

When to run this study

Run when a major index is testing or has just broken its 20-week moving average. Answers the only question that matters at a test: how often does a touch get bought, how long do the failures stay below, and what have forward returns looked like from the touch week. Most useful mid-correction, when the temptation is to treat an ordinary test as a trend change.

Historical results

Base rates at the touch

MetricValueDetail
Touches543.2 per year since 2011
Closed back above same week54%29 of 54 — the test was bought immediately
Stayed below > 3 weeks7%4 of 54 resolved episodes
Median weeks below (when it broke)1consecutive weekly closes under the MA