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Stock Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
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 Jun 11th, 2021 at 22.4700
The intermediate-term trend has been DOWN since Oct 18th, 2021 at 18.5745
The short-term trend has been UP since Oct 22nd, 2021 at 18.2500
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 |
|---|---|---|---|---|
| 17.97 | 18.30 | 17.87 | 18.15 | +0.31 |
| Prev. Close | Volume | Bid | Ask | Time |
| 17.84 | 4730365 | 2021-10-22 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 | 40.16 | 52wk High Date | 2020-11-02 |
| 52wk Low | 17.57 | 52wk Low Date | 2021-09-07 |
| Year End Close | 29.65 | Average Volume | 9,731,260 |
| Shares Outstanding | 11,396 | Assets | 3,830M |
| Beta | -1.92 | Volatility | 63.09 |