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Stock Trend Analysis Report

Prepared for you on Thursday, November 21, 2024.

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Long-Term Downtrend (-90) - SQQQ is in a strong downtrend that is likely to continue. While SQQQ is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SQQQ?

MarketClub looks at technical strength and momentum to determine if the timing is right for SQQQ.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_SQQQ
Open High Low SQQQ Price Change
33.1500 34.8900 33.0000 33.3699 -0.3501
Entry Signal

MarketClub’s Trade Triangles for SQQQ

long term down The long-term trend has been DOWN since Nov 14th, 2023 at 16.9600

intermediate term down The intermediate-term trend has been DOWN since Aug 19th, 2024 at 8.1700

short term down The short-term trend has been DOWN since Nov 21st, 2024 at 33.5607

Smart Scan Analysis for SQQQ

Based on our trend formula, SQQQ is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SQQQ
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
33.1500 34.8900 33.0000 33.3699 -0.3501
Prev. Close Volume Bid Ask Time
33.7200 60885865 2024-11-21 15:59:34
Year High23.26Year High Date2018-02-09
Year Low10.8302Year Low Date2018-10-01
52wk High8452wk High Date2023-12-04
52wk Low31.3752wk Low Date2024-11-11
Year End Close40.55Average Volume39,389,715
Shares Outstanding34,500Market Cap1,142M
Assets1,409MVolatility94.53
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