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PROSHARES ULTRASHORT QQQ $QID Technical Update

The PROSHARES ULTRASHORT QQQ (NYSE: QID) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for QID, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Technical Summary

Term →Near Mid Long
Rating Strong Neutral Neutral
P1 37.22 34.95 33.08
P2 37.90 37.22 37.71
P3 38.47 39.90 43.17
Triggers may have already come
Support and Resistance Plot Chart for QID

Long Term Trading Plans for QID

August 18, 2018, 12:45 am ET

The Technical Summary and Trading Plans for QID help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this QID Report.

QID - (Long) Support Plan

Buy over 37.71 target 43.17 stop loss @ 37.45.
The technical summary data tells us to buy QID near 37.71 with an upside target of 43.17. This data also tells us to set a stop loss @ 37.45 to protect against excessive loss in case the stock begins to move against the trade. 37.71 is the first level of support below 37.93 , and by rule, any test of support is a buy signal. In this case, support 37.71 is being tested, a buy signal would exist.

QID - (Short) Resistance Plan

Short under 43.17 target 37.71 stop loss @ 43.43
The technical summary data is suggesting a short of QID as it gets near 43.17 with a downside target of 37.71. We should have a stop loss in place at 43.43 though. 43.17 is the first level of resistance above 37.93, and by rule, any test of resistance is a short signal. In this case, if resistance 43.17 is being tested, a short signal would exist.


QID Long Term Analysis


QID Dividend Chart

QID PE chart

QID PEG chart