High volatility in TQQQ ETF price on Tuesday which ended trading at $38.90

The TQQQ ETF price fell by -5.70% on the last day (Tuesday, 8th Apr 2025) from $41.25 to $38.90. During the last trading day the ETF fluctuated 26.17% from a day low at $37.10 to a day high of $46.81. The price has fallen in 7 of the last 10 days and is down by -42.21% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -145 million shares and in total, 245 million shares were bought and sold for approximately $9.55 billion.

Given the current short-term trend, the ETF is expected to fall -35.08% during the next 3 months and, with a 90% probability hold a price between $25.25 and $44.63 at the end of this 3-month period.

There are few to no technical positive signals at the moment. The TQQQ ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the ETF. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $49.63 and $64.68. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 18, 2025, and so far it has fallen -56.98%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

This ETF may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this ETF is considered to be "very high risk". During the last day, the ETF moved $9.71 between high and low, or 26.17%. For the last week, the ETF has had daily average volatility of 18.09%.

TQQQ is oversold on RSI14 (21). Some ETF may drop long and hard while being oversold on RSI before turning, which increases the general risk.

TQQQ holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Strong Sell candidate.