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ProShares UltraShort QQQ (QID) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Mon, 18 Sep 2017NoneBearish EngulfingFri, 15 Sep 20170.32%
***Stock database and scans are updated around midnight (New York time) every trading day.
15.38 0.00 (0%) Sep 19 3:59pm EDT
Open: 15.39 Range: 15.35 - 15.49 Vol: 1.77M Avg Vol: 2.99M
EPS: 0.00 P/E ratio: 0.00 EBITDA: N/A Mkt Cap: N/A
Analyze "QID" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 15.41
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 15.76
Last Trade is below the 50 day moving average at 15.98
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 18.80
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of QID

ETF Trend Analysis - Buy, Sell or Hold "ProShares UltraShort QQQ" (QID)?

QID is in a very strong downtrend. For the last 52 weeks, QID has maintained to stay firmly below the 200 day moving average for 100% of the time. Rallies will be sold into until the downtrend reverses. The medium term trend for QID is also extremely bearish and weak, having traded almost 92% of the time below the 50 day moving average. The 20 day moving average is also showing some signs of weakness as QID has been trading below its 20 SMA for 77.5% of the time in the last 8 weeks. As QID is in a strong downtrend characterized by the 200 SMA, currently at 18.80, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Technically, there is very little reason to recommend a buy on this counter, although QID may get a short term oversold bounce around here. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "QID".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Mon, 18 Sep 2017
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