QQQA:NASDAQProShares Nasdaq-100 Dorsey Wright Momentum ETF analysis
Data as of Oct 15, 2026 - not real-time
- Latest price
- $68.50
- Risk: medium
- 7/10Medium risk
Summary
The moving-average structure behind ProShares Nasdaq-100 Dorsey Wright Momentum ETF is bullish at $68.50, with short-term averages leading the long-term ones. Relative strength is 36.5 — approaching oversold — and the MACD signal is bearish. Price has been bracketed by support at $68.33 and resistance at $73.88.
The 0.58% expense ratio is middling for its category, and the fund manages $52.9M in assets.
On a 1-10 scale the risk profile lands at 7 — elevated. With 30-day volatility of 18.7%, a beta of 2.04 and a maximum drawdown of 23.2%, position sizing matters more than entry timing here. The wider market backdrop reads extreme greed at 90 on the fear-greed composite.
The horizons diverge: buy near-term but hold on a long view, at 3/10 conviction over the longer horizon.
The 0.58% expense ratio is middling for its category, and the fund manages $52.9M in assets.
On a 1-10 scale the risk profile lands at 7 — elevated. With 30-day volatility of 18.7%, a beta of 2.04 and a maximum drawdown of 23.2%, position sizing matters more than entry timing here. The wider market backdrop reads extreme greed at 90 on the fear-greed composite.
The horizons diverge: buy near-term but hold on a long view, at 3/10 conviction over the longer horizon.
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Market outlook
Short term
< 1 yearPositive
Model confidence4/104 out of 10
Key factors
- Short-term moving averages stacked above long-term ones
- Trading above the 200-day average of 65.38
- MACD momentum is negative
Medium term
1–3 yearsNeutral
Model confidence4/104 out of 10
Key factors
- Short-term moving averages stacked above long-term ones
- Trading above the 200-day average of 65.38
- MACD momentum is negative
Long term
> 3 yearsNeutral
Model confidence3/103 out of 10
Key factors
- Beta of 2.04 versus the benchmark
- Maximum drawdown of 23.2%
- Short-term moving averages stacked above long-term ones
Key metrics
Fund metrics
Expense Ratio0.58%
AUM$52.9M
Inception Date2021-05-18
Avg Daily Volume12,900
Premium/Discount0.00%
Tracking Error0.00%
Dividend Yield0.03%
Technical analysis
TrendBullish
RSI36.5
Support$68.33
Resistance$73.88
MA 20$71.62
MA 50$70.84
MA 200$65.38
MACDBearish
VolumeDecreasing
Fear & Greed Index90.32
Risk assessment
Beta2.04
Volatility18.73%
Sector RiskMedium
Currency RiskLow
Liquidity RiskMedium
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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.