Technical Analysis for QID - ProShares UltraShort QQQ
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
41.69 | -0.31% | -0.13 |
QID closed down 1.55 percent on Thursday, January 17, 2019, on 75 percent of normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Weak or Absent | Flat | Down | Down |
| See historical QID trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Jan 17 | 180 Bearish Setup | Bearish Swing Setup | -0.31% |
| Jan 17 | 200 DMA Support | Bullish | -0.31% |
| Jan 17 | Outside Day | Range Expansion | -0.31% |
| Jan 17 | Wide Bands | Range Expansion | -0.31% |
| Jan 17 | Oversold Stochastic | Weakness | -0.31% |
| Jan 16 | Hammer Candlestick | Bullish | -1.86% |
| Jan 16 | Lizard Bullish | Bullish Day Trade Setup | -1.86% |
| Jan 16 | Narrow Range Bar | Range Contraction | -1.86% |
| Jan 16 | Oversold Stochastic | Weakness | -1.86% |
| Jan 15 | Oversold Stochastic | Weakness | -1.74% |
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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.
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength | |||
| Summary: | Counts: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies. | ||
See more QID news...
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 56.76 |
| 52 Week Low | 34.65 |
| Average Volume | 4,058,674 |
| 200-Day Moving Average | 41.5407 |
| 50-Day Moving Average | 44.3884 |
| 20-Day Moving Average | 46.628 |
| 10-Day Moving Average | 43.539 |
| Average True Range | 2.1765 |
| ADX | 17.1 |
| +DI | 22.6273 |
| -DI | 25.7782 |
| Chandelier Exit (Long, 3 ATRs ) | 49.1905 |
| Chandelier Exit (Short, 3 ATRs ) | 47.9995 |
| Upper Bollinger Band | 53.9704 |
| Lower Bollinger Band | 39.2856 |
| Percent B (%b) | 0.17 |
| BandWidth | 31.493523 |
| MACD Line | -0.7605 |
| MACD Signal Line | -0.019 |
| MACD Histogram | -0.7416 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 43.98 | ||||
| Resistance 3 (R3) | 44.10 | 43.51 | 43.62 | ||
| Resistance 2 (R2) | 43.51 | 42.96 | 43.45 | 43.50 | |
| Resistance 1 (R1) | 42.66 | 42.62 | 42.37 | 42.54 | 43.38 |
| Pivot Point | 42.07 | 42.07 | 41.92 | 42.01 | 42.07 |
| Support 1 (S1) | 41.22 | 41.52 | 40.93 | 41.10 | 40.26 |
| Support 2 (S2) | 40.63 | 41.18 | 40.57 | 40.14 | |
| Support 3 (S3) | 39.78 | 40.63 | 40.02 | ||
| Support 4 (S4) | 39.66 |
