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Stock Trend Analysis Report
Prepared for you on Wednesday, August 10, 2022.
ProShares UltraShort QQQ (PACF:QID)
Countertrend Down (-85) - QID is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Aug 1st, 2022 at 20.19
The intermediate-term trend has been DOWN since Jul 8th, 2022 at 23.44
The short-term trend has been UP since Aug 9th, 2022 at 19.90
Smart Scan Analysis for QID
Based on our trend formula, QID is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.88 | 20.28 | 19.85 | 20.09 | +0.45 |
| Prev. Close | Volume | Bid | Ask | Time |
| 20.08 | 7204133 | 2022-08-09 15:59:50 |
| Year High | 56.7624 | Year High Date | 2018-02-09 |
| Year Low | 34.645 | Year Low Date | 2018-10-01 |
| 52wk High | 28.66 | 52wk High Date | 2022-06-16 |
| 52wk Low | 15.118 | 52wk Low Date | 2021-12-28 |
| Year End Close | 29.65 | Average Volume | 8,785,880 |
| Shares Outstanding | 17,896 | Assets | 3,830M |
| Beta | -1.92000000 | Volatility | 63.09 |