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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.

PACF_QID
Open High Low QID Price Change
19.88 20.28 19.85 20.09 +0.45
Entry Signal

MarketClub’s Trade Triangles for QID

long term down The long-term trend has been DOWN since Aug 1st, 2022 at 20.19

intermediate term down The intermediate-term trend has been DOWN since Jul 8th, 2022 at 23.44

short term up 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).

-85
Smart Scan Analysis for QID
Strong Downtrend Sideways 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 High56.7624Year High Date2018-02-09
Year Low34.645Year Low Date2018-10-01
52wk High28.6652wk High Date2022-06-16
52wk Low15.11852wk Low Date2021-12-28
Year End Close29.65Average Volume8,785,880
Shares Outstanding17,896Assets3,830M
Beta-1.92000000Volatility63.09
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