Technical Analysis for SQQQ - ProShares UltraPro Short QQQ

Grade Last Price % Change Price Change
grade F 8.58 -3.81% -0.34
SQQQ closed down 3.81 percent on Tuesday, April 23, 2019, on 79 percent of 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
See historical SQQQ trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Expansion Breakdown Bearish Swing Setup 0.00%
New 52 Week Low 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%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -3.81%
Down 3 Days in a Row Weakness -3.81%

Older signals for SQQQ ...

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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 Funds Capitalization Weighted Index Mathematical Finance Financial Ratios 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
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 21.37
52 Week Low 8.55
Average Volume 27,301,188
200-Day Moving Average 12.7211
50-Day Moving Average 10.5258
20-Day Moving Average 9.472
10-Day Moving Average 9.102
Average True Range 0.2855
ADX 40.47
+DI 11.5556
-DI 41.3289
Chandelier Exit (Long, 3 ATRs ) 9.8435
Chandelier Exit (Short, 3 ATRs ) 9.406500000000001
Upper Bollinger Band 10.4743
Lower Bollinger Band 8.4697
Percent B (%b) 0.06
BandWidth 21.163429
MACD Line -0.5191
MACD Signal Line -0.5209
MACD Histogram 0.0017
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.09
Resistance 3 (R3) 9.14 9.01 9.01
Resistance 2 (R2) 9.01 8.88 8.99 8.98
Resistance 1 (R1) 8.80 8.80 8.74 8.75 8.95
Pivot Point 8.67 8.67 8.64 8.65 8.67
Support 1 (S1) 8.46 8.54 8.40 8.41 8.21
Support 2 (S2) 8.33 8.46 8.31 8.18
Support 3 (S3) 8.12 8.33 8.16
Support 4 (S4) 8.07