Technical Analysis for SQQQ - ProShares UltraPro Short QQQ
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
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.
| 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% |
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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
Exchange Traded Funds Capitalization Weighted Index Mathematical Finance Financial Ratios Nasdaq Nasdaq Composite Index Proshare Nasdaq 100
| 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. | ||
See more SQQQ news...
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 |
