mid-cap

Update On One US- Listed ETF

Mar 11, 2025 | Team Kalkine

Read Time :5 min

Update On One US- Listed ETF — Image source: shutterstock

ProShares UltraPro Short QQQ

The Fund seeks daily investment results that correspond to three times the inverse of the daily performance of the NASDAQ-100 Index. The Fund invests in derivatives that ProShares Advisors believes should have similar daily performance characteristics as three times the inverse of the daily performance of the index.

Technical Observation (on the daily chart):

SQQQ's price has established support at significant levels and is beginning to rise, indicating a potential structural shift. Nevertheless, in light of the recent upward trend, the price might enter a consolidation phase before moving higher. The 14-day Relative Strength Index (RSI) is close to oversold territory, suggesting a chance of a downside pullback. Furthermore, the price is currently above its 50-day Simple Moving Average (SMA), which could act as a support level in the near term. Important support and resistance levels will play a crucial role in defining areas of supply and demand.

Individuals can evaluate the ETF based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is March 11, 2025 (12:52 pm EST). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Note 4: ‘Kalkine reports are prepared based on the prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

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Past performance is not a reliable indicator of future performance.