ProShares UltraShort QQQ (QID, $39.45) entered Uptrend as Momentum indicator ascends above 0 level on Apr 16, 2025

@Trading, #TechnicalAnalysis, #Momentum, #Bullish, #ETFs
QID - ProShares UltraShort QQQ
Momentum signal
Bullish Trend
87%
Odds of UP Trend
Momentum signal
Price: $39.45
Daily change: +$2.24 (+6.02%)
Daily volume: 6M
Net Assets: $232.4M

This indicator may be signaling that QID's price has momentum to move higher, since its current price exceeds the price logged 14 days ago. Traders may consider buying the stock or exploring call options. A.I.dvisor backtested 79 similar cases where QID's Momentum Indicator exceeded 0, and 69 of them led to a successful outcome. Odds of Success: 87%.