PROSHARES ULTRAPRO SHORT QQQ (SQQQ) Stock Technical Analysis
NASDAQ:SQQQ - Nasdaq - US74347G1922 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to SQQQ. SQQQ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, SQQQ is a bad performer in the overall market: 96% 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. The S&P500 Index is trading in the upper part of its 52 week range, so SQQQ is lagging the market.
SQQQ 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.
SQQQ has an average volume of 121546000 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. There is a resistance zone just above the current price starting at 22.76. Right above this resistance zone may be a good entry point.
More info and screens
22.28
49.94
We can see 3 important resistance areas.
- A resistance zone ranging from 22.76 to 23.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @41.06 from a trend line in the weekly time frame.
- Resistance @49.45 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The short term trend for SQQQ is down. |
| ChartMill Relative Strength | 4.84 | NEGATIVE | SQQQ has a low relative strength, it was outperformed by 95.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SQQQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SQQQ is below 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) | 34.87 | NEUTRAL | The RSI value for SQQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests SQQQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 19.27 | OVERSOLD | The low Stochastics value suggests SQQQ may be oversold. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for SQQQ suggests some volalility. |
| Average Directional Index/ADX (14) | 18.55 | NEGATIVE | The low ADX value for SQQQ 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)
NASDAQ:SQQQ (6/17/2025, 2:47:07 PM)
22.5
+0.68 (+3.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.12%
1 Week-2.02%
2 Weeks-5.87%
1 Month-6.67%
3 Month-40.05%
6 Month-29.04%
12 Month-48.05%
2 Year-76.92%
3 Year-92.58%
5 Year-97.69%
10 Year-99.96%
15 Year-100%
Volatility
ATR(14)0.88
ATR(20)%4.48%
ATR Inc9.24%
Range Today0.67
ADR(20)0.86
ADR(20)%3.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.84
Mansfield-4
10 Day High23.27
10 Day Low21.52
20 Day High25.69
20 Day Low21.52
52 Week High57.95
52 Week Low21.52
CS1 EndN/A
CR1 Start22.76
Volume & EV
DER(3)-4.6%
DER(5)-3.69%
Volume71.37M
Volume Incr-7.44%
Vol(5)102.57M
Vol(50)121.55M