Logo image of QID

PROSHARES ULTRASHORT QQQ (QID) Stock Technical Analysis

NYSEARCA:QID - NYSE Arca - US74349Y8295 - ETF - Currency: USD

27.3965  +0.14 (+0.5%)

Technical Rating and Analysis

0

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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
91% of all other stocks performed better in the past year than QID.
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 is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
QID has an average volume of 7383520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
PROSHARES ULTRASHORT QQQ / QID Weekly stock chart
PROSHARES ULTRASHORT QQQ / QID Daily stock chart
Setup Rating and Analysis

6

QID has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.

Support and Resistance Analysis

26.96

45.14

We found 1 important support area.

  • A support zone ranging from 27.23 to 27.25. This zone is formed by a combination of multiple trend lines in multiple time frames.

5 important resistance areas can be observed.

  • A resistance zone ranging from 27.65 to 28.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @29.90 from a horizontal line in the daily time frame.
  • Resistance @34.89 from a horizontal line in the daily time frame.
  • Resistance @41.60 from a trend line in the weekly time frame.
  • Resistance @44.69 from a trend line in the weekly time frame.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for QID is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for QID is down.
ChartMill Relative Strength9.96NEGATIVEQID has a low relative strength, it was outperformed by 90.04% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of QID is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of QID is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of QID is below a declining SMA(200).
Relative Strength Index/RSI (14)35.38NEUTRALThe RSI value for QID is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.2POSITIVEThe MACD value suggests QID has a positive trend, although the MACD value is declining.
Stochastics (14,3)20.08NEUTRALThe Stochastics value for QID is a neutral value.
Average True Range in percent/ATR (20)2.9MEDIUM VOLATILITYThe ATR as a percentage value for QID suggests some volalility.
Average Directional Index/ADX (14)18.94NEGATIVEThe low ADX value for QID suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
PROSHARES ULTRASHORT QQQ / QID Daily stock chart

PROSHARES ULTRASHORT QQQ

NYSEARCA:QID (6/17/2025, 11:13:08 AM)

27.3965

+0.14 (+0.5%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.5%
1 Week-1.23%
2 Weeks-3.88%
1 Month-4.25%
3 Month-25.82%
6 Month-15.6%
12 Month-30.1%
2 Year-58.76%
3 Year-79.16%
5 Year-89.25%
10 Year-99.03%
15 Year-99.91%
Volatility
ATR(14)0.71
ATR(20)%2.9%
ATR Inc12.87%
Range Today0.27
ADR(20)0.69
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.96
Mansfield-2.59
10 Day High28.43
10 Day Low27
20 Day High30.33
20 Day Low27
52 Week High50.45
52 Week Low27
CS1 End27.25
CR1 Start27.65
Volume & EV
DER(3)-5.32%
DER(5)-0.16%
Volume1.62M
Volume Incr24.91%
Vol(5)7.04M
Vol(50)7.38M