PROSHARES ULTRAPRO SHORT QQQ (SQQQ) Stock Technical Analysis
NASDAQ:SQQQ - US74347G1922 - ETF
16.895 USD
-0.16 (-0.91%)
Overall SQQQ gets a technical rating of 1 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
96% of all other stocks performed better in the past year than SQQQ.
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 16.71 - 19.00 range, which is quite wide. It is currently trading near the lows of this range.
SQQQ has an average volume of 94403900 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. There is a support zone below the current price at 17.04, a Stop Loss order could be placed below this zone.
More info and screens
16.72
31.23
When analyzing the support we notice one important area.
- Support @16.89 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 16.96 to 17.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 17.55 to 17.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 19.42 to 19.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @30.92 from a trend 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 | 4.23 | NEGATIVE | SQQQ has a low relative strength, it was outperformed by 95.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SQQQ is below the rising 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) | 39.87 | NEUTRAL | The RSI value for SQQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SQQQ has a negative trend. |
| Stochastics (14,3) | 7.61 | OVERSOLD | The low Stochastics value suggests SQQQ may be oversold. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for SQQQ suggests some volalility. |
| Average Directional Index/ADX (14) | 15.49 | 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 (9/11/2025, 9:47:09 AM)
16.895
-0.16 (-0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.91%
1 Week-5.23%
2 Weeks-3.67%
1 Month0.41%
3 Month-25.09%
6 Month-53.58%
12 Month-58.26%
2 Year-83.32%
3 Year-94.44%
5 Year-97.14%
10 Year-99.97%
15 Year-100%
Volatility
ATR(14)0.6
ATR(20)%3.41%
ATR Inc-39.36%
Range Today0.15
ADR(20)0.53
ADR(20)%3.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.23
Mansfield-4.67
10 Day High18.99
10 Day Low16.78
20 Day High19
20 Day Low16.71
52 Week High57.8
52 Week Low16.71
CS1 End17.04
CR1 Start17.55
Volume & EV
DER(3)-2.83%
DER(5)-2.81%
Volume18.60M
Volume Incr-15.3%
Vol(5)86.47M
Vol(50)94.40M