SQQQ stock: buy or sell?

SQQQ stock price: $19.41 11.62% At close on February 24th, 2020

Updated on:
February 24th, 2020

1

Shares of ProShares UltraPro Short QQQ ended today at $19.41 and climbed an outstanding 11.62%. Monday was the third climbing day in a row, soaring 20.79%.

The investment seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the NASDAQ-100 Index®.

Should I buy SQQQ stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with ProShares UltraPro Short QQQ stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean SQQQ will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is ProShares UltraPro Short QQQ stock a buy?

Banks and financial institutions post stock ratings everyday. Unfortunately, we couldn't detect any rating for SQQQ stock for the last 30 days.

SQQQ stock analysis

Daily outlook

Shares of ProShares UltraPro Short QQQ climbed an outstanding 11.62% and closed at $19.41.

ProShares UltraPro Short QQQ climbed an outstanding 11.62% and closed at $19.41.

SQQQ stock chart (daily)

Weekly outlook

ProShares UltraPro Short QQQ closed this week at $19.41 and skyrocketed an outstanding 11.62%. By mid February SQQQ collapsed a frightening -7.22% in just one week.

SQQQ stock chart (weekly)

SQQQ stock price history

SQQQ stock went public on April 16th, 2010 with a price of $12,485.201. Since then, SQQQ stock declined a -99.80%, with a yearly average of -11.10%.

1: Adjusted price after possible price splits or reverse-splits.

SQQQ stock historical price chart

SQQQ stock reached 52-week highs on March at $48.32, and all-time highs 2010-07-01 with a price of 18941.5.

SQQQ stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not found any price prediction for ProShares UltraPro Short QQQ stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

SQQQ earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2009-Q3-n/an/an/a
2009-Q4-n/an/an/a

ProShares UltraPro Short QQQ ownership

When you are planning to invest in a stock, it's worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For ProShares UltraPro Short QQQ, of all outstanding shares are owned by its staff.

The following table compares ownership indicators for other stocks related to ProShares UltraPro Short QQQ:

SQQQ
Market cap$0.0 M
Total shares0.0 M
Float shares0.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

SQQQ summary

Monday, February 24th, 2020
Open$19.30
Close$19.41
Day range$18.76 - $19.66
Previous close$17.39
Session gain11.62%
Average true range$0.82
50d mov avg$20.17
100d mov avg$24.26
200d mov avg$29.49
Daily pattern
Weekly pattern lb06a

ProShares UltraPro Short QQQ performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We picked as the bechmarking frame for ProShares UltraPro Short QQQ stock.
Stock3m6m12m
SQQQ-22.70%-41.78%-56.08%

ProShares UltraPro Short QQQ competitors

Unfortunately, we could not find any public company that could be defined as ProShares UltraPro Short QQQ competitor. This doesn't mean ProShares UltraPro Short QQQ does not have any competitor in the market, it's just we could not detected it.