Overall PSQ gets a technical rating of 0 out of 10. PSQ'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, PSQ is a bad performer in the overall market: 81% of all stocks are doing better.
- PSQ 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.
- PSQ has an average volume of 10309400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PSQ has a been trading in a tight range between 29.53 and 31.29.
Although the technical rating is bad, PSQ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 29.64, a Stop Loss order could be placed below this zone.
More info and screens
29.10
When analyzing the support we notice one important area.
- A support zone ranging from 29.39 to 29.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 29.89 to 30.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.66 to 31.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 42.91 to 43.51. This zone is formed by a combination of multiple trend lines in the weekly 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 | DOWN | NEGATIVE | The long term trend for PSQ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PSQ is down. |
| ChartMill Relative Strength | 19.29 | NEGATIVE | PSQ has a low relative strength, it was outperformed by 80.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PSQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PSQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PSQ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.62 | NEUTRAL | The RSI value for PSQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests PSQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.73 | OVERSOLD | The low Stochastics value suggests PSQ may be oversold. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for PSQ suggests low volalility. |
| Average Directional Index/ADX (14) | 9.13 | NEGATIVE | The low ADX value for PSQ suggests a weak or negative trend. |
29.68
+0.05 (+0.17%)
PROSHARES SHORT QQQ / PSQ FAQ
What is the technical rating for PSQ stock?
ChartMill assigns a technical rating of 0 / 10 to PSQ.
What is the current trend direction of PROSHARES SHORT QQQ (PSQ) stock?
The current trend direction for PROSHARES SHORT QQQ (PSQ) is Bearish.
What is the RSI signal for PSQ stock?
PROSHARES SHORT QQQ (PSQ) has an RSI value of 41.6201. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for PROSHARES SHORT QQQ?
The buy/sell signal for PROSHARES SHORT QQQ (PSQ) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for PROSHARES SHORT QQQ (PSQ) stock?
PROSHARES SHORT QQQ (PSQ) has a support level at 29.64 and a resistance level at 29.89. Check the full technical report for our detailed analysis of PSQ support and resistance levels.