PROSHARES ULTRASHORT QQQ (QID) Stock Technical Analysis
USA - NYSEARCA:QID - US74349Y8295 - ETF
20.86 USD
+0.07 (+0.34%)
20.8199 USD
-0.04 (-0.19%)
Overall QID gets a technical rating of 0 out of 10. QID'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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, QID is a bad performer in the overall market: 93% 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.
In the last month QID has a been trading in the 20.77 - 22.97 range, which is quite wide. It is currently trading near the lows of this range.
QID has an average volume of 11542200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
QID has a poor technical rating and the quality of the setup is also 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
20.65
23.59
We can see 2 important resistance areas.
- A resistance zone ranging from 21.71 to 22.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.97 to 23.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for QID is down. |
| ChartMill Relative Strength | 7.28 | NEGATIVE | QID has a low relative strength, it was outperformed by 92.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QID is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QID is below a declining 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) | 30.75 | NEUTRAL | The RSI value for QID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests QID has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.46 | OVERSOLD | The low Stochastics value suggests QID may be oversold. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for QID suggests low volalility. |
| Average Directional Index/ADX (14) | 24.54 | NEUTRAL | The ADX value for QID suggests a possible start of a new 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)
20.86
+0.07 (+0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.34%
1 Week-1.42%
2 Weeks-5.14%
1 Month-9.11%
3 Month-17.09%
6 Month-44.84%
12 Month-41.22%
2 Year-71.44%
3 Year-83.18%
5 Year-89.41%
10 Year-99.12%
15 Year-99.9%
Volatility
ATR(14)0.42
ATR(20)%1.98%
ATR Inc-9.97%
Range Today0.28
ADR(20)0.37
ADR(20)%1.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.28
Mansfield-3.9
10 Day High22.2
10 Day Low20.77
20 Day High22.97
20 Day Low20.77
52 Week High50.45
52 Week Low20.77
CS1 EndN/A
CR1 Start21.71
Volume & EV
DER(3)3.38%
DER(5)5.22%
Volume18.20M
Volume Incr27.77%
Vol(5)16.74M
Vol(50)11.54M