SQQQ stock: buy or sell?

SQQQ stock price: $33.53 -4.50% At close on August 19th, 2019

Updated on:
August 19th, 2019

1

Shares of ProShares UltraPro Short QQQ plunged a chilling -4.50% and closed at $33.53. On Wednesday SQQQ climbed a dazzling 8.30%. On August 13th SQQQ plummed a hair-raising -7.04%.

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?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. At Stocks2.com, we like to 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, hence 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 is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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 detect any rating for SQQQ stock for the last 30 days.

SQQQ stock analysis

Daily outlook

Shares of ProShares UltraPro Short QQQ plunged a chilling -4.50% and closed at $33.53.

ProShares UltraPro Short QQQ plunged a chilling -4.50% and closed at $33.53.

SQQQ stock chart (daily)

Weekly outlook

ProShares UltraPro Short QQQ dropped a shocking -4.50% this week. Late July SQQQ boosted a super good 11.64% in just one week. Late July SQQQ collapsed a bloodcurdling -6.93% in just one week.

Since price and 40-weeks moving average lines crossed down by mid January, SQQQ fell $-23.90 per share (-41.62%). Stocks under the 200d moving average line are usually not recommended for average traders.

SQQQ stock chart (weekly)

SQQQ stock price history

SQQQ stock went public on April 16th, 2010 with a price of $12,588.601. Since then, SQQQ stock declined a -99.70%, 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 December at $84.23, and all-time highs 2010-07-01 with a price of 19098.4.

SQQQ stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. 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 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 buy a company, it's worth to overview its ownership structure.

ProShares UltraPro Short QQQ shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a of all shares.

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, August 19th, 2019
Open$33.59
Close$33.53
Day range$33.22 - $35.94
Previous close$35.11
Session gain-4.50%
Average true range$2.53
50d mov avg$34.16
100d mov avg$36.11
200d mov avg$44.89
Daily patternlt01a
Weekly pattern lt03a

ProShares UltraPro Short QQQ performance

To better understand ProShares UltraPro Short QQQ performance you must becnhmark its gains with other related stocks in same sector or industry. In the following table, we compare ProShares UltraPro Short QQQ performance to :
Stock3m6m12m
SQQQ-18.68%-26.65%-28.03%

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.