SQQQ stock: buy or sell?

SQQQ stock price: $25.27 -3.11% At close on December 6th, 2019

Updated on:
December 6th, 2019

1

ProShares UltraPro Short QQQ dropped a shocking -3.11% and closed at $25.27. With Friday it's been 3 sliding days in a row, loosing $-1.34 (-5.14%).

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. Having a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

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 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

ProShares UltraPro Short QQQ shares dropped -3.11% to $25.27 on Friday.

ProShares UltraPro Short QQQ shares dropped -3.11% to $25.27 on Friday.

SQQQ stock chart (daily)

Weekly outlook

Shares of ProShares UltraPro Short QQQ ended this week at $25.27 and stayed steady a tight 0.16%. Late October SQQQ plummed a godawful -5.18% in just one week.

Since price and 40-weeks moving average lines crossed down by mid January, SQQQ fell $-31.96 per share (-55.84%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support.

SQQQ stock chart (weekly)

SQQQ stock price history

SQQQ IPO was on April 16th, 2010 at $12,544.70 per share1. Since then, SQQQ stock sliced 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 December at $83.94, and all-time highs 2010-07-01 with a price of 19031.9.

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 buy shares of a company, it's worth to have a look 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

Friday, December 6th, 2019
Open$25.53
Close$25.27
Day range$25.18 - $25.56
Previous close$26.08
Session gain-3.11%
Average true range$0.72
50d mov avg$28.77
100d mov avg$30.90
200d mov avg$34.49
Daily pattern
Weekly pattern lb06a

ProShares UltraPro Short QQQ performance

To measure stock performance is always good to compare with competitors or related stocks. We picked as the bechmarking frame for ProShares UltraPro Short QQQ stock.
Stock3m6m12m
SQQQ-19.24%-34.62%-58.31%

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.