PROSHARES ULTRAPRO SHORT QQQ (SQQQ) Stock Technical Analysis
NASDAQ:SQQQ - Nasdaq - US74347G1922 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to SQQQ. SQQQ performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
71% of all other stocks performed better in the past year than SQQQ.
SQQQ 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 SQQQ has a been trading in the 32.63 - 57.80 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.
SQQQ has an average volume of 103894000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
SQQQ has only a medium 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
32.38
54.69
We found 1 important support area.
- A support zone ranging from 32.71 to 32.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 37.06 to 37.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @47.82 from a trend line in the weekly time frame.
- A resistance zone ranging from 49.45 to 49.53. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @54.15 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
CRS29.57
Mansfield-1.2
10 Day High42.88
10 Day Low32.63
20 Day High57.8
20 Day Low32.63
52 Week High61.6
52 Week Low26.21
Performance
1 Week-15.1%
2 Weeks-4.55%
1 Month-6.14%
3 Month17.15%
6 Month-7.96%
12 Month-42.75%
2 Year-77.4%
3 Year-86.65%
5 Year-97.74%
10 Year-99.93%
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)-0.93
RSI(14)42.84
LBB27.33
UBB52.44
32.72
-3.04 (-8.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-8.5%
1 Week-15.1%
2 Weeks-4.55%
1 Month-6.14%
3 Month17.15%
6 Month-7.96%
12 Month-42.75%
2 Year-77.4%
3 Year-86.65%
5 Year-97.74%
10 Year-99.93%
15 Year-100%
Volatility
ATR(14)6.57
ATR(20)%16.97%
ATR Inc-40.11%
Range Today2.77
ADR(20)4.79
ADR(20)%14.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.57
Mansfield-1.2
10 Day High42.88
10 Day Low32.63
20 Day High57.8
20 Day Low32.63
52 Week High61.6
52 Week Low26.21
CS1 End32.71
CR1 Start37.06
Volume & EV
DER(3)-4.93%
DER(5)-2.94%
Volume122.28M
Volume Incr-16.86%
Vol(5)108.66M
Vol(50)103.89M