RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of QLD
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

ProShares Ultra QQQ ETF price up 0.664% on Wednesday
(Updated on Mar 27, 2024)

Buy candidate since Mar 18, 2024 Gain 3.14% PDF

The ProShares Ultra QQQ ETF price gained 0.664% on the last trading day (Wednesday, 27th Mar 2024), rising from $87.32 to $87.90. During the last trading day the ETF fluctuated 2.08% from a day low at $86.72 to a day high of $88.52. The price has risen in 6 of the last 10 days and is up by 2.02% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 876 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $292.96 million.

The ETF lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 18.91% during the next 3 months and, with a 90% probability hold a price between $100.86 and $110.56 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

QLD Signals & Forecast

The ProShares Ultra QQQ ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $87.60 and $85.58. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -0.80%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for ProShares Ultra QQQ ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $82.31 and $81.69. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, ProShares Ultra QQQ finds support just below today's level at $82.31. If this is broken, then the next support from accumulated volume will be at $81.69 and $78.19.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $1.80 between high and low, or 2.08%. For the last week the ETF has had daily average volatility of 1.72%.

Our recommended stop-loss: $84.34 (-4.05%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (QLD) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect ProShares Ultra QQQ to open at $87.71, and during the day (based on 14 day Average True Range), to move between $85.78 and $90.02, which gives a possible trading interval of +/-$2.12 (+/-2.42%) up or down from last closing price. If ProShares Ultra QQQ takes out the full calculated possible swing range there will be an estimated 4.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $88.36 (0.52%) than the support at $82.31 (6.36%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ProShares Ultra QQQ ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ProShares Ultra QQQ ETF to perform well in the short-term.

Current score: 3.811 Buy Candidate Unchanged

Predicted Opening Price for ProShares Ultra QQQ of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$87.71 ( 0.212%) $87.90

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for QLD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 89.51 1.84 %
R2 88.83 1.05 %
R1 88.40 0.570 %
Current price: 87.90
Support S1 87.03 -0.99 %
S2 86.60 -1.48 %
S3 85.91 -2.26 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 88.61 0.81 %
R2 88.50 0.683 %
R1 88.36 0.523 %
Current price 87.90
Support S1 82.31 -6.36%
S2 81.69 -7.06%
S3 78.19 -11.05%

QLD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 20, 2024 Mar 20, 2024 Mar 27, 2024 $0.0555 0.0631%
2 Dec 20, 2023 Dec 20, 2023 Dec 20, 2023 $0.0780 0.106%
3 Jan 23, 2023 Sep 20, 2023 Sep 27, 2023 $0.176 0.302%
4 Jun 24, 2022 Dec 22, 2022 Dec 30, 2022 $0.109 0.311%
5 Jan 30, 2020 Mar 25, 2020 Apr 01, 2020 $0.0023 0.0110%

FAQ

What is the symbol for ProShares Ultra QQQ ETF and on which exchange is it traded?
The symbol for ProShares Ultra QQQ is QLD and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell ProShares Ultra QQQ ETF?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ProShares Ultra QQQ ETF to perform well in the short-term.

How to buy ProShares Ultra QQQ ETF?
ProShares Ultra QQQ ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ProShares Ultra QQQ ETF.

What's the current price of ProShares Ultra QQQ ETF?
As of the end of day on the 2024-03-27, the price of an ProShares Ultra QQQ (QLD) share was $87.90.

What is the 52-week high and low for ProShares Ultra QQQ ETF?
The 52-week high for ProShares Ultra QQQ ETF is $89.74 and the 52-week low is $44.77.

What is the market capitalization of ProShares Ultra QQQ ETF?
As of the 2024-03-27, the market capitalization of ProShares Ultra QQQ is 6.08B.
Click to get the best stock tips daily for free!

About ProShares Ultra QQQ

The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.... QLD Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT