Taking everything into account, QID scores 1 out of 10 in our technical rating. 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.
Although the technical rating is bad, QID does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.01
We found 1 important support area.
- Support @19.20 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 21.80 to 22.58. 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 | NEUTRAL | NEUTRAL | The short term trend for QID is neutral. |
| ChartMill Relative Strength | 12.29 | NEGATIVE | QID has a low relative strength, it was outperformed by 87.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of QID is below the rising 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) | 45.57 | NEUTRAL | The RSI value for QID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests QID has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.5 | NEUTRAL | The Stochastics value for QID is a neutral value. |
| Average True Range in percent/ATR (20) | 4.01 | MEDIUM VOLATILITY | The ATR as a percentage value for QID suggests some volalility. |
| Average Directional Index/ADX (14) | 15.02 | NEGATIVE | The low ADX value for QID suggests a weak or negative trend. |
20.5
-0.36 (-1.73%)
PROSHARES ULTRASHORT QQQ / QID FAQ
Can you provide the ChartMill technical rating for PROSHARES ULTRASHORT QQQ?
ChartMill assigns a technical rating of 1 / 10 to QID.
What is the current trend direction of PROSHARES ULTRASHORT QQQ (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 45.5679. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PROSHARES ULTRASHORT QQQ?
The short term momentum for PROSHARES ULTRASHORT QQQ (QID) is neutral.
What are the support and resistance levels for PROSHARES ULTRASHORT QQQ (QID) stock?
PROSHARES ULTRASHORT QQQ (QID) has a support level at 19.2 and a resistance level at 21.8. Check the full technical report for our detailed analysis of QID support and resistance levels.