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     Fri. May. 12, 2017





SQQQ: Technical Analysis: Trading Decision

Use the following technical analysis and market news to make your trading decision.


Price Range     Action
$32.82 - $32.86Strong Buy
$32.86 - $33.11Buy
$33.11 - $35.38Hold, or Take Profit
$35.38 - $37.65Hold, or Take Profit
$37.65 - $33.33Sell (Short)
$33.33 - $32.82Strong Sell (Short)

SQQQ Fri. May. 12, 2017 close price $32.2400 (-0.71%).

Short term trading range: $32.86 (OTP -76.8%, trend -0.35% daily) - $37.9 (OTP 38.2%, trend -1.1% daily)


$. Always read market news to understand the causes of the price movement before making a trading decision. News
$. Trading decision should start with knowing the current market-agreed price range (support and resistence levels). They're the realization of different views of fundamental analysis. It's safe to say all fundamental analyses are both wrong and right for traders because they're right for this price point and wrong for that price point. The traders care more about which analysis is right first and which is right later.
$. At $32.2400, SQQQ has broken short term support level at $32.82, and it has a short term resistance at $32.82.
$. SQQQ is in a short term (one week) downtrend pattern. When a downtrend is technically established, more traders will join the thrend and more analysts will stepout to prove they're right about the market, which in turn will accelerate the trend. It may result panic sales sometimes. SQQQ is also in a middle term (2-4 weeks) downtrend pattern.
SQQQ price fluctuates within 0% daily (68% of days). 10 day price EMA moves at -3.3% a week (StdDev 18.28%), and 20 day price EMA moves at -3.82% a week.
$. The trading volume has changed -25% from the previous day.

iDateOpenCloseLowHighVolume
millions
Vol ChangeOver TradedBSHRSIDaily
Return
Weekly
Return
Weekly
EMA10
Weekly
EMA20
EMA 10EMA 20
12017051232.420032.240032.230032.50001.7-25%-71%N49(-76%)-0.71%-2.3%-3.3%-3.82%32.818334.3590
22017051132.650032.470032.440033.09002.2624%-72%N48(-78%)0.25%-2.64%-3.81%-3.54%33.002834.6755
32017051032.400032.390032.350032.73001.82-43%-74%N53(-70%)-0.15%-3.02%-4.24%-3.31%33.182734.9622
42017050932.640032.440032.220032.71003.17167%-76%N48(-78%)-1.04%-1.93%-4.7%-3.07%33.429835.2346
52017050832.960032.780032.780033.15001.19-23%-75%N48(-78%)-0.67%-1.47%-5.34%-2.96%33.665135.4867
 
62017050533.110033.000033.000033.48001.54-36%-75%N45(-83%)-1.05%-3.34%-5.8%-2.85%33.936935.7243
72017050433.380033.350033.220033.70002.432%-74%N45(-83%)-0.15%-2.85%-5.96%-2.66%34.309235.9494
82017050333.290033.400033.280033.66002.3833%-75%N40(-89%)0.97%-4.38%-6.07%-2.49%34.651636.1602
92017050233.120033.080033.030033.36001.79-28%-79%N39(-90%)-0.57%-4.94%-5.7%-2.36%35.077336.3502
102017050133.830033.270033.110033.85002.4922%-79%N36(-93%)-2.55%-6.47%-5.11%-2.27%35.563036.5676
 
112017042833.940034.140033.870034.31002.033%-74%N39(-90%)-0.55%-7.45%-4.41%-2.12%36.024636.7740
122017042734.680034.330034.330034.77001.97-14%-73%N36(-93%)-1.72%-6.96%-3.34%-1.95%36.484336.9299
132017042634.780034.930034.520035.00002.28-25%-70%N36(-93%)0.37%-7.59%-2.42%-1.74%36.891437.0853
142017042535.240034.800034.610035.32003.048%-72%N40(-89%)-2.16%-8.32%-1.41%-1.53%37.195837.2306
152017042435.690035.570035.470035.86002.8245%-67%N42(-87%)-3.58%-5.92%-0.44%-0.98%37.479637.4170
 
162017042136.780036.890036.730037.17001.94-43%-57%N53(-70%)-0.03%-4.82%0.3%-0.57%37.686437.5704
172017042037.360036.900036.620037.53003.3933%-59%N47(-80%)-2.38%-3.66%0.96%-0.16%37.743837.6625
182017041937.520037.800037.130037.97002.5520%60%N55(-66%)-0.42%-0.03%1.46%0.16%37.806437.7426
192017041838.210037.960037.660038.27002.1313%61%S52(-72%)0.4%1.63%1.33%0.28%37.728737.8073
202017041738.460037.810037.800038.49001.89-32%60%S56(-63%)-2.45%1.12%0.87%0.15%37.646537.7883
 

 
 

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