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

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Feb 2017Bearish EngulfingDojiWed, 01 Feb 2017-6.65%
***Stock database and scans are updated around midnight (New York time) every trading day.
19.92 0.00 (0%) Feb 17 3:59pm EST
Open: 20.15 Range: 19.92 - 20.16 Vol: 1.35M Avg Vol: 1.91M
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 20.18
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 21.03
Last Trade is below the 50 day moving average at 22.25
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 25.65
* 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 93% 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 84% of the time below the 50 day moving average. The 20 day moving average is also indicating a very strong downtrend as QID has been trading below its 20 SMA for 97.5% of the time in the last 8 weeks. QID may be overdue for a relief rally but it has to be noted that as QID is still in a strong downtrend characterized by the 200 SMA, currently at 25.65, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. 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 - Fri, 17 Feb 2017
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