PROSHARES ULTRASHORT QQQ (QID) Stock Technical Analysis
NYSEARCA:QID - NYSE Arca - US74349Y8295 - ETF - Currency: USD
Taking everything into account, QID scores 3 out of 10 in our technical rating. In the last year, QID was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
61% of all other stocks performed better in the past year than QID.
QID is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month QID has a been trading in the 34.64 - 50.45 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
QID has an average volume of 8240040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
QID has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
29.78
46.72
When analyzing the support we can see 2 important areas.
- Support @34.71 from a horizontal line in the daily time frame.
- Support @30.08 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 34.73 to 34.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 37.98 to 38.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @44.74 from a trend line in the weekly time frame.
- Resistance @46.26 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.05
Mansfield-0.41
10 Day High42.43
10 Day Low34.64
20 Day High50.45
20 Day Low34.64
52 Week High50.45
52 Week Low29.32
Performance
1 Week-11.9%
2 Weeks-11.36%
1 Month-3.88%
3 Month13.84%
6 Month-1.67%
12 Month-27.21%
2 Year-60.21%
3 Year-69.37%
5 Year-89.6%
10 Year-98.77%
15 Year-99.86%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.73
RSI(14)42.6
LBB32.17
UBB46.18
34.72
-0.77 (-2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.17%
1 Week-11.9%
2 Weeks-11.36%
1 Month-3.88%
3 Month13.84%
6 Month-1.67%
12 Month-27.21%
2 Year-60.21%
3 Year-69.37%
5 Year-89.6%
10 Year-98.77%
15 Year-99.86%
Volatility
ATR(14)3.96
ATR(20)%10.4%
ATR Inc-61.53%
Range Today1.16
ADR(20)3.08
ADR(20)%8.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.05
Mansfield-0.41
10 Day High42.43
10 Day Low34.64
20 Day High50.45
20 Day Low34.64
52 Week High50.45
52 Week Low29.32
CS1 End34.71
CR1 Start34.73
Volume & EV
DER(3)-4.22%
DER(5)-4.83%
Volume5.80M
Volume Incr-35.98%
Vol(5)6.24M
Vol(50)8.24M