PROSHARES ULTRAPRO SHORT QQQ (SQQQ)
US74347G4322 - ETF
We assign a technical rating of 3 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.
When comparing the yearly performance of all stocks, SQQQ is a bad performer in the overall market: 90% 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.
In the last month SQQQ has a been trading in the 10.05 - 12.14 range, which is quite wide. It is currently trading near the high of this range.
SQQQ has an average volume of 137881000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
10.17
12.20
We found 1 important support area.
- A support zone ranging from 10.27 to 10.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 12.08 to 12.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.52
Mansfield-3.69
10 Day High12.14
10 Day Low10.33
20 Day High12.14
20 Day Low10.05
52 Week High32.73
52 Week Low10.05
Performance
1 Week16.06%
2 Weeks8.54%
1 Month15.72%
3 Month-2.5%
6 Month-42.74%
12 Month-60.72%
2 Year-75.38%
3 Year-77.83%
5 Year-98.61%
10 Year-99.94%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.19
RSI(14)64.78
LBB9.99
UBB12
PROSHARES ULTRAPRO SHORT QQQ
NASDAQ:SQQQ (4/18/2024, 6:21:00 PM)
After market: 12.17 +0.1 (+0.83%)12.07
+0.21 (+1.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.77%
1 Week16.06%
2 Weeks8.54%
1 Month15.72%
3 Month-2.5%
6 Month-42.74%
12 Month-60.72%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.52
ATR(20)%3.7%
ATR Inc
Range Today0.45
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High12.14
10 Day Low10.33
20 Day High12.14
20 Day Low10.05
52 Week High32.73
52 Week Low10.05
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume172.07M
Volume Incr36.51%
Vol(5)179.83M
Vol(50)137.88M