Technical Analysis for QID - ProShares UltraShort QQQ
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 45.71 | -2.16% | -1.01 |
QID closed down 2.16 percent on Monday, May 6, 2024, on 80 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 50 DMA | Bearish | 0.00% | |
| Stochastic Reached Oversold | Weakness | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Fell Below 20 DMA | Bearish | -2.16% | |
| MACD Bearish Signal Line Cross | Bearish | -2.16% | |
| Gapped Down | Weakness | -2.16% | |
| Multiple of Ten Bearish | Other | -6.06% | |
| Gapped Down | Weakness | -6.06% | |
| Pocket Pivot | Bullish Swing Setup | -8.40% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakdown | about 7 hours ago |
| Possible NR7 | about 7 hours ago |
| 50 DMA Resistance | about 11 hours ago |
| 1.5x Volume Pace | about 11 hours ago |
| Fell Below 50 DMA | about 11 hours ago |
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Basic chart:
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the NASDAQ-100 Index®.
The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index, a modified market capitalization-weighted index, includes 100 of the largest non-financial domestic and international issues listed on the NASDAQ Stock Market. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Nasdaq 100 Inverse ETF Bear Market ETF Capitalization Weighted Index Proshares Nasdaq Composite Index
Classification
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Nasdaq 100 Inverse ETF Bear Market ETF Capitalization Weighted Index Proshares Nasdaq Composite Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 82.916 |
| 52 Week Low | 43.6 |
| Average Volume | 4,555,275 |
| 200-Day Moving Average | 55.76 |
| 50-Day Moving Average | 46.43 |
| 20-Day Moving Average | 47.99 |
| 10-Day Moving Average | 48.21 |
| Average True Range | 1.56 |
| RSI (14) | 42.20 |
| ADX | 21.22 |
| +DI | 27.12 |
| -DI | 29.28 |
| Chandelier Exit (Long, 3 ATRs) | 47.19 |
| Chandelier Exit (Short, 3 ATRs) | 49.15 |
| Upper Bollinger Bands | 51.54 |
| Lower Bollinger Band | 44.43 |
| Percent B (%b) | 0.18 |
| BandWidth | 14.81 |
| MACD Line | 0.32 |
| MACD Signal Line | 0.65 |
| MACD Histogram | -0.3262 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 46.91 | ||||
| Resistance 3 (R3) | 47.04 | 46.77 | 46.71 | ||
| Resistance 2 (R2) | 46.77 | 46.46 | 46.71 | 46.64 | |
| Resistance 1 (R1) | 46.24 | 46.28 | 46.11 | 46.11 | 46.58 |
| Pivot Point | 45.97 | 45.97 | 45.90 | 45.91 | 45.97 |
| Support 1 (S1) | 45.44 | 45.66 | 45.31 | 45.31 | 44.84 |
| Support 2 (S2) | 45.17 | 45.48 | 45.11 | 44.78 | |
| Support 3 (S3) | 44.64 | 45.17 | 44.71 | ||
| Support 4 (S4) | 44.51 |
