Technical Analysis for SQQQ - ProShares UltraPro Short QQQ

Grade Last Price % Change Price Change
grade F 5.36 -4.11% -0.23
SQQQ closed down 4.11 percent on Thursday, August 6, 2020, on approximately 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 SQQQ trend table...

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish 0.00%
New 52 Week Closing Low Bearish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%

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Profile

The investment seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) 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 three times the inverse (-3x) 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 Exchange Traded Funds Leveraged ETF Ultra ETF Bear Market ETF Inverse ETF Capitalization Weighted Index Nasdaq Nasdaq Composite Index Proshare Nasdaq 100

Is SQQQ 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 37.69
52 Week Low 5.34
Average Volume 87,174,286
200-Day Moving Average 17.22
50-Day Moving Average 7.34
20-Day Moving Average 6.18
10-Day Moving Average 6.05
Average True Range 0.39
ADX 27.26
+DI 16.58
-DI 36.06
Chandelier Exit (Long, 3 ATRs ) 5.88
Chandelier Exit (Short, 3 ATRs ) 6.50
Upper Bollinger Band 6.94
Lower Bollinger Band 5.43
Percent B (%b) -0.05
BandWidth 24.31
MACD Line -0.52
MACD Signal Line -0.51
MACD Histogram -0.0028
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.81
Resistance 3 (R3) 5.85 5.75 5.74
Resistance 2 (R2) 5.75 5.63 5.73 5.71
Resistance 1 (R1) 5.55 5.56 5.50 5.51 5.68
Pivot Point 5.45 5.45 5.42 5.43 5.45
Support 1 (S1) 5.25 5.33 5.20 5.21 5.04
Support 2 (S2) 5.15 5.26 5.13 5.01
Support 3 (S3) 4.95 5.15 4.99
Support 4 (S4) 4.91