Technical Analysis for QID - ProShares UltraShort QQQ
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
13.77 | -4.04% | -0.58 |
QID closed down 4.04 percent on Friday, June 5, 2020, on 1.27 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Down | Down | Down |
| Historical QID trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing Low | Bearish | 0.00% | |
| New 52 Week Low | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Slingshot Bearish | Bearish Swing Setup | -4.04% | |
| New 52 Week Low | Weakness | -4.04% | |
| Outside Day | Range Expansion | -4.04% | |
| Oversold Stochastic | Weakness | -4.04% | |
| New 52 Week Closing Low | Bearish | -2.55% | |
| Spinning Top | Other | -2.55% | |
| Narrow Range Bar | Range Contraction | -2.55% |
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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.
Exchange Traded Fund ETF Leveraged ETF Ultra ETF Bear Market ETF Inverse ETF Capitalization Weighted Index Nasdaq Nasdaq Composite Index Rate Of Return Proshare Nasdaq 100
Exchange Traded Fund ETF Leveraged ETF Ultra ETF Bear Market ETF Inverse ETF Capitalization Weighted Index Nasdaq Nasdaq Composite Index Rate Of Return Proshare Nasdaq 100
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 33.94 |
| 52 Week Low | 13.69 |
| Average Volume | 8,846,465 |
| 200-Day Moving Average | 23.87 |
| 50-Day Moving Average | 17.81 |
| 20-Day Moving Average | 15.13 |
| 10-Day Moving Average | 14.57 |
| Average True Range | 0.71 |
| ADX | 26.38 |
| +DI | 16.84 |
| -DI | 30.97 |
| Chandelier Exit (Long, 3 ATRs ) | 14.91 |
| Chandelier Exit (Short, 3 ATRs ) | 15.83 |
| Upper Bollinger Band | 16.58 |
| Lower Bollinger Band | 13.67 |
| Percent B (%b) | 0.03 |
| BandWidth | 19.24 |
| MACD Line | -1.05 |
| MACD Signal Line | -1.12 |
| MACD Histogram | 0.064 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 14.63 | ||||
| Resistance 3 (R3) | 14.69 | 14.48 | 14.48 | ||
| Resistance 2 (R2) | 14.48 | 14.26 | 14.44 | 14.43 | |
| Resistance 1 (R1) | 14.12 | 14.12 | 14.02 | 14.06 | 14.39 |
| Pivot Point | 13.91 | 13.91 | 13.85 | 13.87 | 13.91 |
| Support 1 (S1) | 13.55 | 13.69 | 13.45 | 13.49 | 13.15 |
| Support 2 (S2) | 13.34 | 13.55 | 13.30 | 13.11 | |
| Support 3 (S3) | 12.98 | 13.34 | 13.06 | ||
| Support 4 (S4) | 12.92 |
