We assign a technical rating of 2 out of 10 to QID. In the past year, QID was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 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.
- When comparing the yearly performance of all stocks, QID is a bad performer in the overall market: 83% of all stocks are doing better.
- QID 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.
- QID has an average volume of 29042100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month QID has a been trading in the 18.87 - 21.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
QID has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for QID 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
18.90
2 important support areas can be observed.
- A support zone ranging from 20.00 to 20.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 19.09 to 19.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 20.36 to 20.55. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 21.25 to 21.54. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @22.58 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 | DOWN | NEGATIVE | The long term trend for QID is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QID is neutral. |
| ChartMill Relative Strength | 17.17 | NEGATIVE | QID has a low relative strength, it was outperformed by 82.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QID is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QID is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QID is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.59 | NEUTRAL | The RSI value for QID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests QID has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.78 | NEUTRAL | The Stochastics value for QID is a neutral value. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for QID suggests some volalility. |
| Average Directional Index/ADX (14) | 15.69 | NEGATIVE | The low ADX value for QID suggests a weak or negative trend. |
20.33
-0.1 (-0.49%)
PROSHARES ULTRASHORT QQQ / QID FAQ
Can you provide the ChartMill technical rating for PROSHARES ULTRASHORT QQQ?
ChartMill assigns a technical rating of 2 / 10 to QID.
What is the trend direction for QID stock?
The current trend direction for PROSHARES ULTRASHORT QQQ (QID) is Bearish.
Can you provide the RSI signal for PROSHARES ULTRASHORT QQQ?
PROSHARES ULTRASHORT QQQ (QID) has an RSI value of 52.5866. This indicates that the stock is currently neutral.
What is the MACD signal for PROSHARES ULTRASHORT QQQ (QID) stock?
The MACD indicator for PROSHARES ULTRASHORT QQQ (QID) has a value of 0.0923732, indicating a bearish trend.