PROSHARES ULTRA QQQ (QLD) Stock Technical Analysis
USA - NYSEARCA:QLD - US74347R2067 - ETF
Overall QLD gets a technical rating of 9 out of 10. Both in the recent history as in the last year, QLD has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although QLD has an excellent technical rating, the quality of the presented setup is not ideal 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
130.48
We found 2 important support areas.
- A support zone ranging from 138.39 to 139.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @131.80 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @152.78 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 | UP | POSITIVE | The long term trend for QLD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QLD is neutral. |
| ChartMill Relative Strength | 85.31 | POSITIVE | QLD has a high relative strength, it outperformed 85.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of QLD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QLD is above the rising 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) | 45.35 | NEUTRAL | The RSI value for QLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.01 | NEGATIVE | The MACD value suggests QLD has a negative trend. |
| Stochastics (14,3) | 45.35 | NEUTRAL | The Stochastics value for QLD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for QLD suggests some volalility. |
| Average Directional Index/ADX (14) | 15.24 | NEGATIVE | The low ADX value for QLD suggests a weak or negative trend. |
139.25
-5.97 (-4.11%)
PROSHARES ULTRA QQQ / QLD FAQ
What is the ChartMill technical rating of PROSHARES ULTRA QQQ (QLD) stock?
ChartMill assigns a technical rating of 9 / 10 to QLD.
Can you provide the trend direction for PROSHARES ULTRA QQQ?
The current trend direction for PROSHARES ULTRA QQQ (QLD) is Bullish.
What is the RSI signal for QLD stock?
PROSHARES ULTRA QQQ (QLD) has an RSI value of 45.3511. This indicates that the stock is currently neutral.
What is the MACD signal for PROSHARES ULTRA QQQ (QLD) stock?
The MACD indicator for PROSHARES ULTRA QQQ (QLD) has a value of -1.00634, indicating a bearish trend.
Can you provide the support and resistance levels for PROSHARES ULTRA QQQ?
PROSHARES ULTRA QQQ (QLD) has a support level at 139.24 and a resistance level at 152.78. Check the full technical report for our detailed analysis of QLD support and resistance levels.