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Stock Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
ProShares UltraPro Short QQQ (NASDAQ:SQQQ)
Bull Market Weakness (+75) - SQQQ is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SQQQ as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for SQQQ
The long-term trend has been DOWN since Nov 14th, 2023 at 16.96
The intermediate-term trend has been UP since Apr 15th, 2024 at 11.14
The short-term trend has been UP since Apr 15th, 2024 at 11.05
Smart Scan Analysis for SQQQ
Based on our trend formula, SQQQ is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.830 | 12.140 | 11.690 | 12.085 | +0.225 |
| Prev. Close | Volume | Bid | Ask | Time |
| 12.070 | 168414330 | 2024-04-18 15:59:30 |
| Year High | 23.26 | Year High Date | 2018-02-09 |
| Year Low | 10.8302 | Year Low Date | 2018-10-01 |
| 52wk High | 32.73 | 52wk High Date | 2023-04-25 |
| 52wk Low | 10.05 | 52wk Low Date | 2024-03-21 |
| Year End Close | 40.55 | Average Volume | 134,809,181 |
| Shares Outstanding | 172,501 | Market Cap | 1,142M |
| Assets | 1,409M | Volatility | 94.53 |