Technical Analysis for SQQQ - ProShares UltraPro Short QQQ

Grade Last Price % Change Price Change
F 8.17 0.62% 0.05
SQQQ closed down 3.33 percent on Friday, July 23, 2021, on 1.19 times 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 EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down
Historical SQQQ trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
New Downtrend Bearish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
New 52 Week Low Weakness 0.00%
Stochastic Reached Oversold Weakness 0.00%
BB Squeeze + Lower Band Touch Range Contraction 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%
Lower Bollinger Band Touch Weakness 0.00%
Older End-of-Day Signals for SQQQ ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Rose Above Lower Bollinger Band 15 minutes ago
Up 1% 15 minutes ago
Down 3% 3 days ago
Fell Below Lower Bollinger Band 3 days ago
Down 2 % 3 days ago
View Earlier Intraday Alerts

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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.
Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Nasdaq 100 Inverse ETF Bear Market ETF Capitalization Weighted Index Nasdaq Nasdaq Composite Index Proshare

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 33.1
52 Week Low 8.09
Average Volume 70,999,848
200-Day Moving Average 14.10
50-Day Moving Average 10.08
20-Day Moving Average 8.79
10-Day Moving Average 8.61
Average True Range 0.32
ADX 25.4
+DI 20.33
-DI 39.90
Chandelier Exit (Long, 3 ATRs) 8.80
Chandelier Exit (Short, 3 ATRs) 9.06
Upper Bollinger Bands 9.44
Lower Bollinger Band 8.15
Percent B (%b) -0.02
BandWidth 14.68
MACD Line -0.44
MACD Signal Line -0.47
MACD Histogram 0.03
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.59
Resistance 3 (R3) 8.63 8.51 8.51
Resistance 2 (R2) 8.51 8.39 8.49 8.48
Resistance 1 (R1) 8.32 8.32 8.26 8.28 8.46
Pivot Point 8.20 8.20 8.18 8.18 8.20
Support 1 (S1) 8.01 8.08 7.95 7.97 7.78
Support 2 (S2) 7.89 8.01 7.87 7.76
Support 3 (S3) 7.70 7.89 7.73
Support 4 (S4) 7.66