TQQQ ETF upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session

The TQQQ ETF price gained 0.90% on the last trading day (Wednesday, 28th Jan 2026), rising from $56.54 to $57.05. It has now gained 6 days in a row. It is not often that ETF manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 2.26% from a day low at $56.73 to a day high of $58.01. The price has risen in 7 of the last 10 days and is up by 2.61% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 million more shares were traded than the day before. In total, 74 million shares were bought and sold for approximately $4.21 billion.

The ETF is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect TQQQ ETF with a 90% probability to be traded between $45.98 and $59.69 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETF seldom manage to go directly from the bottom of a trend up to the top. ETF turning up in the middle of a horizontal trend are therefore considered to be potential runners.

The TQQQ ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $54.34 and $54.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, November 20, 2025, and so far it has risen 22.82%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

On the downside, the ETF finds support just below today's level from accumulated volume at $52.37 and $52.33.There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, TQQQ finds support just below today's level at $52.37. If this is broken, then the next support from accumulated volume will be at $52.33 and $49.18.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $1.28 (2.26%) between high and low. For the last week, the ETF has had daily average volatility of 2.52%.

Since the TQQQ has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for TQQQ ETF to perform well in the short-term period.We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold to a Buy candidate.