Technical Analysis for QLD - ProShares Ultra QQQ

Grade Last Price % Change Price Change
grade D 74.95 1.19% 0.88
QLD closed down 0.03 percent on Wednesday, January 16, 2019, on 71 percent of normal volume. It ran into resistance at its 50 day moving average. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Flat Up
See historical QLD trend table...

Date Alert Name Type % Chg
Jan 16 50 DMA Resistance Bearish 1.19%
Jan 16 Shooting Star Candlestick Bearish 1.19%
Jan 16 Lizard Bearish Bearish Day Trade Setup 1.19%
Jan 16 Narrow Range Bar Range Contraction 1.19%
Jan 16 Weak + Overbought Other 1.19%
Jan 16 Weak, Overbought and Reversal Signs Reversal 1.19%
Jan 16 Overbought Stochastic Strength 1.19%
Jan 15 Weak + Overbought Other 1.16%
Jan 15 Overbought Stochastic Strength 1.16%
Jan 14 Stochastic Sell Signal Bearish 5.15%

Older signals for QLD ...

Get this analysis on your stocks daily!

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.
Configure default chart indicators
Basic chart:

Profile
The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the NASDAQ-100 Index®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) 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 QLD 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, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 102.51
52 Week Low 58.44
Average Volume 2,235,268
200-Day Moving Average 85.5708
50-Day Moving Average 74.5952
20-Day Moving Average 68.442
10-Day Moving Average 71.151
Average True Range 3.3582
ADX 21.33
+DI 25.6357
-DI 23.4916
Chandelier Exit (Long, 3 ATRs ) 66.0154
Chandelier Exit (Short, 3 ATRs ) 68.5146
Upper Bollinger Band 76.8278
Lower Bollinger Band 60.0562
Percent B (%b) 0.84
BandWidth 24.504836
MACD Line -0.24
MACD Signal Line -1.475
MACD Histogram 1.235
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 76.10
Resistance 3 (R3) 76.29 75.81 75.76
Resistance 2 (R2) 75.81 75.29 75.71 75.64
Resistance 1 (R1) 74.94 74.98 74.70 74.75 75.53
Pivot Point 74.46 74.46 74.34 74.36 74.46
Support 1 (S1) 73.59 73.94 73.35 73.40 72.61
Support 2 (S2) 73.11 73.63 73.01 72.50
Support 3 (S3) 72.24 73.11 72.38
Support 4 (S4) 72.05