PROSHARES SHORT QQQ (PSQ) Stock Technical Analysis
NYSEARCA:PSQ - NYSE Arca - US74349Y8378 - ETF - Currency: USD
We assign a technical rating of 1 out of 10 to PSQ. 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.
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.
87% of all other stocks performed better in the past year than PSQ.
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 4729690 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 32.51 and 33.89.
Volume is considerably higher in the last couple of days.
The technical rating of PSQ is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
32.53
44.44
We found 1 important support area.
- A support zone ranging from 32.86 to 33.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 33.75 to 34.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @36.04 from a horizontal line in the daily time frame.
- Resistance @36.73 from a horizontal line in the daily time frame.
- Resistance @42.07 from a trend line in the weekly time frame.
- A resistance zone ranging from 43.51 to 44.00. 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 | NEUTRAL | NEUTRAL | The short term trend for PSQ is neutral. |
| ChartMill Relative Strength | 13.84 | NEGATIVE | PSQ has a low relative strength, it was outperformed by 86.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PSQ is above the rising 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) | 52.11 | NEUTRAL | The RSI value for PSQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests PSQ has a positive trend. |
| Stochastics (14,3) | 51.6 | NEUTRAL | The Stochastics value for PSQ is a neutral value. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for PSQ suggests low volalility. |
| Average Directional Index/ADX (14) | 26.92 | POSITIVE | The high ADX value value for PSQ 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)
33.74
+0.67 (+2.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.03%
1 Week2.37%
2 Weeks1.6%
1 Month0.99%
3 Month-11.65%
6 Month-8.17%
12 Month-22.24%
2 Year-35.3%
3 Year-49.57%
5 Year-57.24%
10 Year-88.19%
15 Year-96.18%
Volatility
ATR(14)0.33
ATR(20)%0.95%
ATR Inc170.3%
Range Today0.44
ADR(20)0.29
ADR(20)%0.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.84
Mansfield-1.73
10 Day High33.89
10 Day Low32.51
20 Day High33.89
20 Day Low32.51
52 Week High46.98
52 Week Low32.51
CS1 End33.27
CR1 Start33.75
Volume & EV
DER(3)2.94%
DER(5)1.96%
Volume9.88M
Volume Incr58.19%
Vol(5)6.73M
Vol(50)4.73M