Technical Analysis for SQQQ - ProShares UltraPro Short QQQ
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
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.
| 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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Basic chart:
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
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
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| 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 |
