QQDN:NASDAQProShares UltraShort QQQ Mega analysis
Data as of Oct 17, 2026 - not real-time
- Latest price
- $20.40
- Risk: high
- 8/10High risk
Summary
The moving-average structure behind ProShares UltraShort QQQ Mega is bearish at $20.40, with short-term averages lagging the long-term ones. The last 30 days have gained 2.2%. RSI sits at 56.0, which reads as neutral, and MACD momentum is bullish. Watch $18.74 as support and $20.41 as the nearer resistance level.
The 0.95% expense ratio is middling for its category, and the fund manages $1.0M in assets.
The composite risk read is 8/10, putting it in high territory. With 30-day volatility of 31.9%, a beta of -2.83 and a maximum drawdown of 46.4%, position sizing matters more than entry timing here. Thin trading volumes mean execution costs can be material on larger orders. The wider market backdrop reads extreme greed at 86 on the fear-greed composite.
All three time horizons resolve to hold, carrying 2/10 conviction.
The 0.95% expense ratio is middling for its category, and the fund manages $1.0M in assets.
The composite risk read is 8/10, putting it in high territory. With 30-day volatility of 31.9%, a beta of -2.83 and a maximum drawdown of 46.4%, position sizing matters more than entry timing here. Thin trading volumes mean execution costs can be material on larger orders. The wider market backdrop reads extreme greed at 86 on the fear-greed composite.
All three time horizons resolve to hold, carrying 2/10 conviction.
Market outlook
Short term
< 1 yearNeutral
Model confidence3/103 out of 10
Key factors
- Short-term moving averages stacked below long-term ones
- Trading below the 200-day average of 24.08
- MACD momentum is positive
Medium term
1–3 yearsNeutral
Model confidence3/103 out of 10
Key factors
- Short-term moving averages stacked below long-term ones
- Trading below the 200-day average of 24.08
- MACD momentum is positive
Long term
> 3 yearsNeutral
Model confidence2/102 out of 10
Key factors
- Beta of -2.83 versus the benchmark
- Thin trading liquidity raises execution risk
- Maximum drawdown of 46.4%
Key metrics
Fund metrics
Expense Ratio0.95%
AUM$1.0M
Inception Date2025-06-10
Avg Daily Volume1,230
Premium/Discount0.00%
Tracking Error0.00%
Dividend Yield5.86%
Technical analysis
TrendBearish
RSI56.0
Support$18.74
Resistance$20.41
MA 20$19.60
MA 50$20.32
MA 200$24.08
MACDBullish
VolumeDecreasing
Fear & Greed Index85.73
Risk assessment
Beta-2.83
Volatility31.86%
Sector RiskMedium
Currency RiskLow
Liquidity RiskHigh
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.