Stronger Sell Today SQQQ ranks #2443 as SELL CANDIDATE. Weaker Sell
Today SQQQ ranks #2443 as SELL CANDIDATE.

SQQQ stock ProShares UltraPro Short QQQ

SQQQ stock
ProShares UltraPro Short QQQ

March 22, 2019
Change 6.69%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will SQQQ stock price go up or down on Mon, 25 Mar 2019?

ProShares UltraPro Short QQQ Forecast and Stock Analysis

Technical SQQQ stock analysis for March 22, 2019.

Sell candidate since 2019-01-30 Loss -21.04%
Shorts n/a
Cash n/a
Loans n/a
Beta -3.11
ROA n/a

ProShares UltraPro Short QQQ gained 6.69% in the last trading day, rising from $9.71 to $10.36 The price has fallen in 8 of the last 10 days and is down by -12.94% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 14.08 million more shares were traded than the day before. In total, 58.30 million shares bought and sold for approximately $604.00 million.

Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the SQQQ stock was $10.36. This is 6.69% more than the trading day before Thursday, 21st Mar 2019.

During day the stock fluctuated 6.37% from a day low at $9.77 to a day high of $10.39.

30 day high of the SQQQ stock price was $12.30 and low was $9.67.
90 day high was $21.37 and low was $9.67.
52 week high for the ProShares UltraPro Short QQQ - $21.37 and low - $9.67.

Trend

ProShares UltraPro Short QQQ lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -37.21% during the next 3 months and, with 90% probability hold a price between $5.14 and $7.42 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Thursday March 21, 2019, which indicates further gains until a new top pivot has been found. 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. ProShares UltraPro Short QQQ holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $11.44. On a fall, the stock will find some support from the short-term average at $10.34. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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Relative Strength Index (RSI)

RSI14 is 38 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

ProShares UltraPro Short QQQ finds support from accumulated volume at $10.34.

Support: $10.34 Price: $10.36 Resistance: $11.25

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.62 between high and low, or 6.37%. For the last week, the stock has had a daily average volatility of 4.55%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation: Sell Candidate

ProShares UltraPro Short QQQ holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.

Stronger Sell Today SQQQ ranks #2443 as SELL CANDIDATE. Weaker Sell
Today SQQQ ranks #2443 as SELL CANDIDATE.