Technical Analysis for QID - ProShares UltraShort QQQ

Grade Last Price % Change Price Change
grade D 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.

Trend Table & Recent Signals
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%

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.
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: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
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