Is TQQQ ETF still a buy after falling -5.26% on Wednesday?

The TQQQ ETF price fell by -5.26% on the last day (Wednesday, 4th Feb 2026) from $52.52 to $49.76. During the last trading day the ETF fluctuated 7.68% from a day low at $48.43 to a day high of $52.15. The price has risen in 6 of the last 10 days but is still down by -5.63% for this period. Volume has increased on the last day by 12 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 141 million shares were bought and sold for approximately $7.01 billion.

The ETF lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the ETF is expected to rise 2.62% during the next 3 months and, with a 90% probability hold a price between $48.90 and $59.05 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. On corrections up, there will be some resistance from the lines at $54.43 and $53.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, January 28, 2026, and so far it has fallen -12.78%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

TQQQ finds support from accumulated volume at $49.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $3.72 between high and low, or 7.68%. For the last week, the ETF has had daily average volatility of 6.79%.

The TQQQ ETF holds several negative signals and despite the positive trend, we believe TQQQ will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.