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Stock Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
ProShares UltraShort QQQ (PACF:QID)
Bull Market Weakness (+75) - QID is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QID as it may be in the beginning stages of a reversal.
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 UP since Apr 10th, 2024 at 11.3807
The intermediate-term trend has been UP since Apr 10th, 2024 at 9.5350
The short-term trend has been DOWN since Apr 24th, 2024 at 48.7100
Smart Scan Analysis for QID
Based on our trend formula, QID is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 48.3100 | 49.1997 | 47.9500 | 48.6700 | -0.3100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 48.9800 | 3219721 | 2024-04-24 15:35:54 |
| Year High | 56.7624 | Year High Date | 2018-02-09 |
| Year Low | 34.645 | Year Low Date | 2018-10-01 |
| 52wk High | 94.6 | 52wk High Date | 2023-04-25 |
| 52wk Low | 43.6 | 52wk Low Date | 2024-03-21 |
| Year End Close | 29.65 | Average Volume | 5,236,142 |
| Shares Outstanding | 5,569 | Assets | 3,830M |
| Beta | -1.92000000 | Volatility | 63.09 |