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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
ProShares UltraShort QQQ (PACF:QID)
Sidelines Mode (+55) - QID is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QID?
MarketClub looks at technical strength and momentum to determine if the timing is right for QID.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for QID
The long-term trend has been UP since Apr 10th, 2024 at 11.3807
The intermediate-term trend has been UP since Apr 10th, 2024 at 9.5350
The short-term trend has been DOWN since May 3rd, 2024 at 47.4050
Smart Scan Analysis for QID
Based on our trend formula, QID is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 46.28 | 46.29 | 45.50 | 45.76 | +0.03 |
| Prev. Close | Volume | Bid | Ask | Time |
| 45.78 | 3894931 | 2024-05-08 15:59:34 |
| Year High | 56.7624 | Year High Date | 2018-02-09 |
| Year Low | 34.645 | Year Low Date | 2018-10-01 |
| 52wk High | 88 | 52wk High Date | 2023-05-09 |
| 52wk Low | 43.6 | 52wk Low Date | 2024-03-21 |
| Year End Close | 29.65 | Average Volume | 5,769,852 |
| Shares Outstanding | 5,569 | Assets | 3,830M |
| Beta | -1.92000000 | Volatility | 63.09 |