Technical Analysis for QID - ProShares UltraShort QQQ

Grade Last Price % Change Price Change
grade F 34.83 4.59% 1.53
QID closed up 4.59 percent on Friday, March 22, 2019, on 2.19 times normal volume. 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.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical QID trend table...

Date Alert Name Type % Chg
Mar 22 New Downtrend Bearish 0.00%
Mar 22 Slingshot Bearish Bearish Swing Setup 0.00%
Mar 22 Pocket Pivot Bullish Swing Setup 0.00%
Mar 22 Lower Bollinger Band Walk Weakness 0.00%
Mar 22 Lower Bollinger Band Touch Weakness 0.00%
Mar 22 Oversold Stochastic Weakness 0.00%
Mar 21 New 52 Week Closing Low Bearish 4.59%
Mar 21 Expansion Breakdown Bearish Swing Setup 4.59%
Mar 21 Lower Bollinger Band Walk Weakness 4.59%
Mar 21 New 52 Week Low Weakness 4.59%

Older signals for QID ...

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Profile
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 Capitalization Weighted Index Nasdaq Rate Of Return Nasdaq Composite Index Proshare Nasdaq 100
Is QID a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 55.72
52 Week Low 33.25
Average Volume 2,671,299
200-Day Moving Average 39.9168
50-Day Moving Average 38.6536
20-Day Moving Average 36.2155
10-Day Moving Average 35.191
Average True Range 0.9775
ADX 26.11
+DI 14.8864
-DI 36.7422
Chandelier Exit (Long, 3 ATRs ) 36.1065
Chandelier Exit (Short, 3 ATRs ) 36.1825
Upper Bollinger Band 38.7329
Lower Bollinger Band 33.6981
Percent B (%b) 0.22
BandWidth 13.902335
MACD Line -1.2598
MACD Signal Line -1.1638
MACD Histogram -0.096
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 36.96
Resistance 3 (R3) 36.74 35.81 36.61
Resistance 2 (R2) 35.81 35.27 35.92 36.49
Resistance 1 (R1) 35.32 34.93 35.57 35.54 36.37
Pivot Point 34.39 34.39 34.51 34.50 34.39
Support 1 (S1) 33.90 33.85 34.15 34.12 33.29
Support 2 (S2) 32.97 33.51 33.08 33.17
Support 3 (S3) 32.48 32.97 33.06
Support 4 (S4) 32.70