BETAPRO NASDAQ-100 -2X DAILY (HQD.CA) Stock Technical Analysis
TSX:HQD - Toronto Stock Exchange - CA08662N4084 - ETF - Currency: CAD
We assign a technical rating of 7 out of 10 to HQD. HQD has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month HQD has a been trading in the 9.36 - 12.44 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the performance of all stocks over the past year, HQD turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
HQD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HQD is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
HQD has an excellent technical rating, but the quality of the setup is only medium 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
9.39
12.04
We found 1 important support area.
- Support @9.48 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for HQD.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HQD.CA is up. |
| ChartMill Relative Strength | 45.29 | NEUTRAL | HQD.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HQD.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HQD.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HQD.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.36 | NEUTRAL | The RSI value for HQD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests HQD.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.45 | OVERBOUGHT | The high Stochastics value suggests HQD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for HQD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 33.35 | POSITIVE | The high ADX value value for HQD.CA suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.45 | 10.15 | 2.30 (18.47%) | 5.41% |
| An entry @12.45. This is a Buy Stop order right above the 10 day high. | An exit @10.15. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.30 points, which is 18.47%. | When investing 5.41% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:HQD (3/12/2025, 7:00:00 PM)
11.92
-0.27 (-2.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.21%
1 Week10.17%
2 Weeks15.17%
1 Month21.57%
3 Month22.13%
6 Month-1.24%
12 Month-17.22%
2 Year-52.77%
3 Year-51.15%
5 Year-90.8%
10 Year-99.71%
15 Year-99.99%
Volatility
ATR(14)0.59
ATR(20)%3.94%
ATR Inc-1.72%
Range Today0.47
ADR(20)0.44
ADR(20)%3.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.29
Mansfield-0.28
10 Day High12.44
10 Day Low10.16
20 Day High12.44
20 Day Low9.36
52 Week High15.93
52 Week Low9.36
CS1 End9.48
CR1 StartN/A
Volume & EV
DER(3)6.61%
DER(5)8.67%
Volume1.79M
Volume Incr58.05%
Vol(5)1.59M
Vol(50)940.31K