68.97 USD
+0.47 (+0.69%)
68.88 USD
-0.09 (-0.13%)
Overall SQQQ gets a technical rating of 1 out of 10. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
89% 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 64.81 - 75.19 range, which is quite wide. It is currently trading near the lows of this range.
SQQQ has an average volume of 91614800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SQQQ does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for SQQQ in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
63.16
80.95
We found 2 important support areas.
- Support @65.33 from a horizontal line in the weekly time frame.
- A support zone ranging from 63.80 to 63.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- Resistance @70.87 from a trend line in the daily time frame.
- A resistance zone ranging from 74.93 to 75.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 79.21 to 80.15. 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 | NEUTRAL | NEUTRAL | The short term trend for SQQQ is neutral. |
| ChartMill Relative Strength | 11.34 | NEGATIVE | SQQQ has a low relative strength, it was outperformed by 88.66% 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 | 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) | 50.01 | NEUTRAL | The RSI value for SQQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SQQQ has a positive trend. |
| Stochastics (14,3) | 31.54 | NEUTRAL | The Stochastics value for SQQQ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for SQQQ suggests some volalility. |
| Average Directional Index/ADX (14) | 11.27 | 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)
68.97
+0.47 (+0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.69%
1 Week5.75%
2 Weeks-8.21%
1 Month2.89%
3 Month-8.35%
6 Month-27.89%
12 Month-53.77%
2 Year-78.41%
3 Year-92.99%
5 Year-96.25%
10 Year-99.97%
15 Year-100%
Volatility
ATR(14)2.66
ATR(20)%3.64%
ATR Inc17.2%
Range Today4.25
ADR(20)2.17
ADR(20)%3.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.34
3 months CRS25.93
6 months CRS12.03
Mansfield-4.68
10 Day High72.73
10 Day Low64.81
20 Day High75.19
20 Day Low64.81
52 Week High289
52 Week Low63.4
CS1 End65.33
CR1 Start70.87
Volume & EV
DER(3)3.96%
DER(5)1.69%
Volume37.90M
Volume Incr-44.54%
Vol(5)20.83M
Vol(50)91.61M
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 1 / 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 50.0136. 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 65.33 and a resistance level at 70.87. Check the full technical report for our detailed analysis of SQQQ support and resistance levels.