PROSHARES ULTRA QQQ (QLD) Stock Technical Analysis
NYSEARCA:QLD • US74347R2067
Taking everything into account, QLD scores 4 out of 10 in our technical rating. Although QLD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, we notice that QLD is one of the better performing stocks in the market, outperforming 72% of all stocks. On top of that, QLD also shows a nice and consistent pattern of rising prices.
- QLD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so QLD is lagging the market slightly.
- QLD has an average volume of 5290100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- In the last month QLD has a been trading in the 65.02 - 75.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
QLD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 67.83, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for QLD 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
63.77
2 important support areas can be observed.
- A support zone ranging from 65.91 to 67.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @64.41 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 73.66 to 74.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 76.39 to 76.39. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for QLD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QLD is neutral. |
| ChartMill Relative Strength | 72.98 | POSITIVE | QLD has a high relative strength, it outperformed 72.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of QLD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QLD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QLD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.39 | NEUTRAL | The RSI value for QLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests QLD has a positive trend. |
| Stochastics (14,3) | 56.49 | NEUTRAL | The Stochastics value for QLD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for QLD suggests some volalility. |
| Average Directional Index/ADX (14) | 20.53 | NEUTRAL | The ADX value for QLD suggests a possible start of a new trend. |
70.08
+1.95 (+2.86%)
PROSHARES ULTRA QQQ / QLD FAQ
What is the ChartMill technical rating of PROSHARES ULTRA QQQ (QLD) stock?
ChartMill assigns a technical rating of 4 / 10 to QLD.
What is the current trend direction of PROSHARES ULTRA QQQ (QLD) stock?
The current trend direction for PROSHARES ULTRA QQQ (QLD) is Bearish.
What is the RSI signal for QLD stock?
PROSHARES ULTRA QQQ (QLD) has an RSI value of 52.3939. This indicates that the stock is currently neutral.
What is the MACD signal for QLD stock?
The MACD indicator for PROSHARES ULTRA QQQ (QLD) has a value of 0.128374, indicating a bearish trend.
What is the support and resistance level for QLD stock?
PROSHARES ULTRA QQQ (QLD) has a support level at 67.83 and a resistance level at 73.66. Check the full technical report for our detailed analysis of QLD support and resistance levels.