Technical Analysis for QID - ProShares UltraShort QQQ

Grade Last Price % Change Price Change
grade F 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.

Trend Table & Recent Signals

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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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 ETF Leveraged ETF Ultra ETF Bear Market ETF Inverse ETF Capitalization Weighted Index Nasdaq Nasdaq Composite Index Rate Of Return 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

Indicators

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