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RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TQQQ
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TQQQ ETF price down 2.35% on Thursday
(Updated on Jun 20, 2024)

Buy or Hold candidate since May 06, 2024 Gain 28.23% PDF

The TQQQ ETF price fell by -2.35% on the last day (Thursday, 20th Jun 2024) from $76.90 to $75.09. During the last trading day the ETF fluctuated 4.62% from a day low at $74.23 to a day high of $77.66. The price has risen in 7 of the last 10 days and is up by 11.33% over the past 2 weeks. Volume has increased on the last day by 20 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, 52 million shares were bought and sold for approximately $3.93 billion.

The ETF lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $77.12 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 21.37% during the next 3 months and, with a 90% probability hold a price between $71.22 and $93.60 at the end of this 3-month period.

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TQQQ Signals & Forecast

The TQQQ ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. 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 $73.90 and $64.49. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -2.35%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

Support, Risk & Stop-loss for TQQQ ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $58.93 and $58.72. 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 $58.93. If this is broken, then the next support from accumulated volume will be at $58.72 and $58.56.

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $3.43 between high and low, or 4.62%. For the last week, the ETF has had daily average volatility of 3.24%.

The TQQQ ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.

Our recommended stop-loss: $72.62 (-3.30%) (This ETF has high daily movements and this gives high risk. The RSI14 is 87 and this increases the risk substantially. There is a sell signal from a pivot top found 42 days ago.)

Trading Expectations (TQQQ) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect ProShares UltraPro QQQ to open at $75.66, and during the day (based on 14 day Average True Range), to move between $72.72 and $77.46, which gives a possible trading interval of +/-$2.37 (+/-3.16%) up or down from last closing price. If ProShares UltraPro QQQ takes out the full calculated possible swing range there will be an estimated 6.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $76.86 (2.36%) than the support at $58.93 (21.52%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ProShares UltraPro QQQ ETF A Buy?

Several short-term signals, along with a general good trend, 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.

Current score: 1.664 Buy Candidate Unchanged

Predicted Opening Price for ProShares UltraPro QQQ of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$75.66 ( 0.759%) $75.09

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TQQQ

Fibonacci Support & Resistance Levels

Level Price
R3 79.09 5.33%
R2 77.78 3.58%
R1 76.97 2.50%
Price 75.09
S1 74.35 -0.99%
S2 73.54 -2.06%
S3 72.23 -3.81%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 76.90 2.41%
R1 76.86 2.36%
Price 75.09
S1 58.93 -21.52%
S2 58.72 -21.80%
S3 58.56 -22.01%

TQQQ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 20, 2024 Mar 20, 2024 Mar 27, 2024 $0.215 0.347%
2 Dec 20, 2023 Dec 20, 2023 Dec 28, 2023 $0.223 0.435%
3 Sep 19, 2023 Sep 20, 2023 Sep 27, 2023 $0.139 0.401%
4 Jun 20, 2023 Jun 21, 2023 Jun 28, 2023 $0.128 0.324%
5 Mar 21, 2023 Mar 22, 2023 Mar 29, 2023 $0.150 0.572%

FAQ

What is the symbol for TQQQ ETF and on which exchange is it traded?
The symbol for TQQQ is TQQQ and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell TQQQ ETF?
Several short-term signals, along with a general good trend, 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.

How to buy TQQQ ETF?
TQQQ ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy TQQQ ETF.

What's the current price of TQQQ ETF?
As of the end of day on the Jun 20, 2024, the price of an TQQQ (TQQQ) share was $75.09.

What is the 52-week high and low for TQQQ ETF?
The 52-week high for TQQQ ETF is $77.72 and the 52-week low is $30.47.

What is the market capitalization of TQQQ ETF?
As of the Jun 20, 2024, the market capitalization of TQQQ is 22.165B.
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About ProShares UltraPro QQQ

The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the NASDAQ-100 Index®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as three times (3x) the daily return of the index. The index, a modified market capitalization-weighted index, includes 100 of the largest non-... TQQQ Profile

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