QQQA:NASDAQProShares Nasdaq-100 Dorsey Wright Momentum ETF Analysis
Data as of 2026-09-07 - not real-time
$68.16
Latest Price
8/10Risk
Risk Level: High
Executive Summary
The moving-average structure behind ProShares Nasdaq-100 Dorsey Wright Momentum ETF is neutral at $68.16, with no clear ordering between short and long averages. Across the trailing 30 sessions it lost 2.3%. Relative strength is 39.9 — approaching oversold — and the MACD signal is bearish. Price has been bracketed by support at $66.96 and resistance at $74.08.
The 0.58% expense ratio is middling for its category, and the fund manages $53.6M in assets.
On a 1-10 scale the risk profile lands at 8 — high. With 30-day volatility of 27.8%, a beta of 2.06 and a maximum drawdown of 23.2%, position sizing matters more than entry timing here. The wider market backdrop reads extreme greed at 95 on the fear-greed composite.
All three time horizons resolve to hold, carrying 2/10 conviction.
The 0.58% expense ratio is middling for its category, and the fund manages $53.6M in assets.
On a 1-10 scale the risk profile lands at 8 — high. With 30-day volatility of 27.8%, a beta of 2.06 and a maximum drawdown of 23.2%, position sizing matters more than entry timing here. The wider market backdrop reads extreme greed at 95 on the fear-greed composite.
All three time horizons resolve to hold, carrying 2/10 conviction.
Top Market Events
After a strong 2025 and solid gains in the first half of 2026, the big question for investors is whether the stock...
Market Outlook
Short Term
< 1 yearNeutral
Model confidence: 2/10
Key Factors
- Trading above the 200-day average of 62.43
- MACD momentum is negative
- Beta of 2.06 versus the benchmark
Medium Term
1–3 yearsNeutral
Model confidence: 2/10
Key Factors
- Trading above the 200-day average of 62.43
- MACD momentum is negative
- Beta of 2.06 versus the benchmark
Long Term
> 3 yearsNeutral
Model confidence: 2/10
Key Factors
- Beta of 2.06 versus the benchmark
- Maximum drawdown of 23.2%
- 30-day volatility of 27.8%
Key Metrics & Analysis
Fund Metrics
Expense Ratio0.58%
AUM$53.6M
Inception Date2021-05-18
Avg Daily Volume16,330
Premium/Discount0.00%
Tracking Error0.00%
Dividend Yield0.03%
Technical Analysis
TrendNeutral
RSI39.9
Support$66.96
Resistance$74.08
MA 20$70.79
MA 50$72.85
MA 200$62.43
MACDBearish
VolumeDecreasing
Fear & Greed Index94.64
Risk Assessment
Beta2.06
Volatility27.85%
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.