ProShares UltraShort QQQ (QID)

ProShares UltraShort QQQ is trading at $14.16, up 3.43% on the session. The 50 day average sits at $14.51 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 40.3, which reads as weak, and MACD is bearish crossover. Volume is above average.

The nearest support is around $13.49 with resistance near $14.88, so that band frames the current range. Average daily movement is roughly $0.53, or about 3.7% of the share price, which is what any stop placement has to allow for. The overall health score of 44 out of 100 combines a trend score of 44, momentum of 26 and a risk score of 68.

The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to measure the performance of 100 of the largest Nasdaq-listed non-financial companies. Under normal circumstances, the fund will obtain inverse leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.