ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ is trading at $38.34, up 5.27% on the session. The 50 day average sits at $40.18 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 39.9, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $36.15 with resistance near $41.79, so that band frames the current range. Average daily movement is roughly $2.21, or about 5.8% of the share price, which is what any stop placement has to allow for. The overall health score of 39 out of 100 combines a trend score of 44, momentum of 23 and a risk score of 52.

The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.