SQQQ stock: buy or sell?

SQQQ stock price: $11.02 -3.33% At close on May 14th, 2020

Updated on:
May 14th, 2020

1

ProShares UltraPro Short QQQ closed today at $11.02 and collapsed a godawful -3.33%. On May 12th SQQQ climbed an astounding 5.64%.

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?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, ProShares UltraPro Short QQQ stock doesn't match any of these trading strategies, so our recommendation is not to buy.

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?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't find any rating for SQQQ stock for the last 30 days.

SQQQ stock analysis

Daily outlook

Shares of ProShares UltraPro Short QQQ collapsed a godawful -3.33% and closed at $11.02.

Shares of ProShares UltraPro Short QQQ collapsed a godawful -3.33% and closed at $11.02. SQQQ marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $12.91 would break this short term down trend and open possibilities for reversing this situation.

SQQQ stock chart (daily)

Weekly outlook

After sliding a frightening -18.61% in a week last week, ProShares UltraPro Short QQQ closed this week at $11.02 and soared a great 3.57%.

SQQQ stock chart (weekly)

SQQQ stock price history

SQQQ stock went public on April 16th, 2010 with a price of $12,449.601. Since then, SQQQ stock sliced a -99.90%, with a yearly average of -10.00%.

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

SQQQ stock historical price chart

SQQQ stock reached 52-week highs on June at $47.11, and all-time highs 2010-07-01 with a price of 18887.6.

SQQQ stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. 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. You should not follow the analysts' SQQQ stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not detected any price target 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 shares of a stock, it's worth to overview 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

Thursday, May 14th, 2020
Open$11.61
Close$11.02
Day range$11.02 - $11.94
Previous close$11.40
Session gain-3.33%
Average true range$0.82
50d mov avg$17.82
100d mov avg$18.79
200d mov avg$24.42
Daily patternlb06a
Weekly pattern lt03c

ProShares UltraPro Short QQQ performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For ProShares UltraPro Short QQQ, the comparison is made against .
Stock3m6m12m
SQQQ-32.97%-57.48%-70.62%

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.