PROSHARES ULTRAPRO SHORT QQQ (SQQQ) Stock Technical Analysis
NASDAQ:SQQQ • US74350P6759
Overall SQQQ gets a technical rating of 2 out of 10. SQQQ'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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, SQQQ is a bad performer in the overall market: 88% of all stocks are doing better.
- SQQQ 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.
- In the last month SQQQ has a been trading in the 64.14 - 75.86 range, which is quite wide. It is currently trading near the high of this range.
- SQQQ has an average volume of 46266900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, SQQQ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
62.16
We found 3 important support areas.
- A support zone ranging from 70.13 to 71.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 63.80 to 64.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @62.79 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @72.73 from a horizontal line in the weekly time frame.
- Resistance @75.14 from a horizontal line in the daily time frame.
- Resistance @80.92 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 | DOWN | NEGATIVE | The long term trend for SQQQ is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SQQQ is neutral. |
| ChartMill Relative Strength | 12.86 | NEGATIVE | SQQQ has a low relative strength, it was outperformed by 87.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SQQQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SQQQ is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SQQQ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.52 | NEUTRAL | The RSI value for SQQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests SQQQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.59 | NEUTRAL | The Stochastics value for SQQQ is a neutral value. |
| Average True Range in percent/ATR (20) | 5.23 | HIGH VOLATILITY | The high ATR as a percentage value for SQQQ suggests high volalility. |
| Average Directional Index/ADX (14) | 17.33 | NEGATIVE | The low ADX value for SQQQ suggests a weak or negative trend. |
NASDAQ:SQQQ (3/2/2026, 9:55:10 AM)
72.08
+1.23 (+1.74%)
PROSHARES ULTRAPRO SHORT QQQ / SQQQ FAQ
What is the ChartMill technical rating of PROSHARES ULTRAPRO SHORT QQQ (SQQQ) stock?
ChartMill assigns a technical rating of 2 / 10 to SQQQ.
What is the trend direction for SQQQ stock?
The current trend direction for PROSHARES ULTRAPRO SHORT QQQ (SQQQ) is Bearish.
What is the RSI signal for PROSHARES ULTRAPRO SHORT QQQ (SQQQ) stock?
PROSHARES ULTRAPRO SHORT QQQ (SQQQ) has an RSI value of 52.5229. This indicates that the stock is currently neutral.
What are the support and resistance levels for PROSHARES ULTRAPRO SHORT QQQ (SQQQ) stock?
PROSHARES ULTRAPRO SHORT QQQ (SQQQ) has a support level at 64.67 and a resistance level at 71.18. Check the full technical report for our detailed analysis of SQQQ support and resistance levels.