PROSHARES ULTRAPRO SHORT QQQ (SQQQ) Stock Technical Analysis
USA - NASDAQ:SQQQ - US74347G1922 - ETF
We assign a technical rating of 2 out of 10 to SQQQ. Recently some decent action could be observed, but in the medium term time frame this is still negative. SQQQ was also a bad performer in the overall market in the last year.
The technical rating of SQQQ is bad and it also does not present a quality setup 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
13.34
We found 1 important support area.
- Support @13.47 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.25 to 15.39. 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 | DOWN | NEGATIVE | The long term trend for SQQQ is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SQQQ is up. |
| ChartMill Relative Strength | 9.98 | NEGATIVE | SQQQ has a low relative strength, it was outperformed by 90.02% 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) | 58.48 | NEUTRAL | The RSI value for SQQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests SQQQ has a positive trend. |
| Stochastics (14,3) | 84.48 | OVERBOUGHT | The high Stochastics value suggests SQQQ may be overbought. |
| Average True Range in percent/ATR (20) | 4.63 | MEDIUM VOLATILITY | The ATR as a percentage value for SQQQ suggests some volalility. |
| Average Directional Index/ADX (14) | 17.48 | NEGATIVE | The low ADX value for SQQQ suggests a weak or negative trend. |
NASDAQ:SQQQ (11/19/2025, 2:58:33 PM)
15.24
-0.14 (-0.91%)
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 current trend direction of PROSHARES ULTRAPRO SHORT QQQ (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 58.4837. This indicates that the stock is currently neutral.
What is the short term momentum for SQQQ stock?
The short term momentum for PROSHARES ULTRAPRO SHORT QQQ (SQQQ) is positive.
What is the support and resistance level for SQQQ stock?
PROSHARES ULTRAPRO SHORT QQQ (SQQQ) has a support level at 13.47 and a resistance level at 15.25. Check the full technical report for our detailed analysis of SQQQ support and resistance levels.