PROSHARES ULTRAPRO SHORT QQQ (SQQQ) Stock Technical Analysis
NASDAQ:SQQQ - Nasdaq - US74347G1922 - ETF - Currency: USD
Taking everything into account, SQQQ scores 1 out of 10 in our technical rating. SQQQ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, SQQQ is a bad performer in the overall market: 91% of all stocks are doing better.
SQQQ is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month SQQQ has a been trading in the 26.21 - 31.04 range, which is quite wide. It is currently trading near the lows of this range.
SQQQ has an average volume of 51250600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of SQQQ is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
28.16
32.58
We can see 3 important resistance areas.
- A resistance zone ranging from 29.15 to 29.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 30.00 to 30.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.55 to 32.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.09
Mansfield-3.67
10 Day High29.09
10 Day Low26.21
20 Day High31.04
20 Day Low26.21
52 Week High64.95
52 Week Low26.21
Performance
1 Week5.84%
2 Weeks2.16%
1 Month3.64%
3 Month-14.54%
6 Month-28.72%
12 Month-48.85%
2 Year-85.46%
3 Year-86.03%
5 Year-99.03%
10 Year-99.94%
15 Year-100%
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)-0.01
RSI(14)50.5
LBB25.8
UBB29.77
28.44
+1.68 (+6.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg6.28%
1 Week5.84%
2 Weeks2.16%
1 Month3.64%
3 Month-14.54%
6 Month-28.72%
12 Month-48.85%
2 Year-85.46%
3 Year-86.03%
5 Year-99.03%
10 Year-99.94%
15 Year-100%
Volatility
ATR(14)1.09
ATR(20)%4.43%
ATR Inc34.27%
Range Today1.89
ADR(20)1.11
ADR(20)%3.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.09
Mansfield-3.67
10 Day High29.09
10 Day Low26.21
20 Day High31.04
20 Day Low26.21
52 Week High64.95
52 Week Low26.21
CS1 EndN/A
CR1 Start29.15
Volume & EV
DER(3)1.7%
DER(5)0.19%
Volume72.28M
Volume Incr-10.09%
Vol(5)47.70M
Vol(50)51.25M