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Stock Trend Analysis Report

Prepared for you on Wednesday, October 27, 2021.

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.

Open High Low SQQQ Price Change
7.1500 7.1799 6.9500 7.1400 -0.0500
Entry Signal

MarketClub’s Trade Triangles for SQQQ

long term down The long-term trend has been DOWN since Apr 7th, 2020 at 79.45

intermediate term down The intermediate-term trend has been DOWN since Oct 18th, 2021 at 7.78

short term down The short-term trend has been DOWN since Oct 25th, 2021 at 7.29

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).

Smart Scan Analysis for SQQQ
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.1500 7.1799 6.9500 7.1400 -0.0500
Prev. Close Volume Bid Ask Time
7.1900 111703762 2021-10-27 15:59:58
Year High23.26Year High Date2018-02-09
Year Low10.8302Year Low Date2018-10-01
52wk High25.7852wk High Date2020-11-02
52wk Low6.9852wk Low Date2021-10-26
Year End Close40.55Average Volume100,409,492
Shares Outstanding205,189Market Cap1,142M
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