PROSHARES ULTRA QQQ (QLD) Stock Technical Analysis
USA - NYSEARCA:QLD - US74347R2067 - ETF
138.52 USD
+1.32 (+0.96%)
138.601 USD
+0.08 (+0.06%)
We assign a technical rating of 9 out of 10 to QLD. 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.
Both the short term and long term trends are positive. This is a very positive sign.
A new 52 week high is currently being made by QLD, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month QLD has a been trading in the 123.59 - 138.77 range, which is quite wide. It is currently trading near the high of this range.
QLD has an average volume of 3040470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, QLD did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
QLD has an excellent technical rating, but the quality of the setup is 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
116.68
139.92
We found 3 important support areas.
- A support zone ranging from 133.09 to 133.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 127.07 to 128.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 117.86 to 117.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 138.53 to 138.53. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for QLD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QLD is up. |
| ChartMill Relative Strength | 84.91 | POSITIVE | QLD has a high relative strength, it outperformed 84.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QLD is above 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) | 68.88 | NEUTRAL | The RSI value for QLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests QLD has a positive trend. |
| Stochastics (14,3) | 87.94 | OVERBOUGHT | The high Stochastics value suggests QLD may be overbought. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for QLD suggests low volalility. |
| Average Directional Index/ADX (14) | 19.41 | NEGATIVE | The low ADX value for QLD suggests a weak or negative 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)
138.52
+1.32 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.96%
1 Week2.27%
2 Weeks4.54%
1 Month11.69%
3 Month15.93%
6 Month92.9%
12 Month38.04%
2 Year145.52%
3 Year254.45%
5 Year224.02%
10 Year1275.91%
15 Year5820.45%
Volatility
ATR(14)2.56
ATR(20)%1.84%
ATR Inc11.06%
Range Today3.38
ADR(20)2.31
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.91
Mansfield1.37
10 Day High138.77
10 Day Low131.95
20 Day High138.77
20 Day Low123.59
52 Week High138.77
52 Week Low64.72
CS1 End133.25
CR1 Start138.53
Volume & EV
DER(3)1.86%
DER(5)1.64%
Volume2.11M
Volume Incr-39.63%
Vol(5)2.01M
Vol(50)3.04M