PROSHARES SHORT QQQ (PSQ) Stock Technical Analysis
NYSEARCA:PSQ - NYSE Arca - US74349Y8378 - ETF - Currency: USD
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: 80% 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. The S&P500 Index is trading in the upper part of its 52 week range, so PSQ is lagging the market.
PSQ has an average volume of 5362190 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 34.94 and 36.99.
PSQ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 35.65, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PSQ in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
34.73
43.95
When analyzing the support we notice one important area.
- A support zone ranging from 35.08 to 35.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 35.65 to 35.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @38.78 from a horizontal line in the daily time frame.
- A resistance zone ranging from 43.02 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 | 20.42 | NEGATIVE | PSQ has a low relative strength, it was outperformed by 79.58% 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) | 44.02 | NEUTRAL | The RSI value for PSQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests PSQ has a positive trend. |
| Stochastics (14,3) | 41.31 | NEUTRAL | The Stochastics value for PSQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.34 | LOW VOLATILITY | The low ATR as a percentage value for PSQ suggests low volalility. |
| Average Directional Index/ADX (14) | 17.25 | NEGATIVE | The low ADX value for PSQ suggests a weak or negative 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)
NYSEARCA:PSQ (6/23/2025, 10:23:09 AM)
35.43
-0.25 (-0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.7%
1 Week1.48%
2 Weeks-0.08%
1 Month-2.06%
3 Month-10.8%
6 Month-4.95%
12 Month-13.36%
2 Year-32.49%
3 Year-50.44%
5 Year-62.44%
10 Year-87.32%
15 Year-96.06%
Volatility
ATR(14)0.43
ATR(20)%1.34%
ATR Inc0.87%
Range Today0.39
ADR(20)0.42
ADR(20)%1.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.42
Mansfield-1.18
10 Day High35.8
10 Day Low34.94
20 Day High36.99
20 Day Low34.94
52 Week High46.98
52 Week Low34.94
CS1 End35.65
CR1 Start35.69
Volume & EV
DER(3)4.36%
DER(5)1.76%
Volume1.13M
Volume Incr34.86%
Vol(5)5.59M
Vol(50)5.36M