TQQQ ETF Forecast
Red day on Thursday for TQQQ ETF after losing 1.60%
(Updated on Apr 25, 2024)
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 $48.64 and $61.55 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 ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TQQQ Signals & Forecast
There are mixed signals in the ETF today. The TQQQ ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $58.68. On a fall, the ETF will find some support from the short-term average at $52.37. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 6.81%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for TQQQ ETF
TQQQ finds support from accumulated volume at $52.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $2.71 between high and low, or 5.37%. For the last week, the ETF has had daily average volatility of 5.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TQQQ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect ProShares UltraPro QQQ to open at $52.17, and during the day (based on 14 day Average True Range), to move between $50.17 and $55.53, which gives a possible trading interval of +/-$2.68 (+/-5.07%) up or down from last closing price. If ProShares UltraPro QQQ takes out the full calculated possible swing range there will be an estimated 10.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $52.75 (0.19%) than the resistance at $53.71 (1.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ProShares UltraPro QQQ ETF A Buy?
TQQQ holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -2.575 Sell Candidate Unchanged
Predicted Opening Price for ProShares UltraPro QQQ of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$52.17 ( 1.28%) | $52.85 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 54.88 | 3.85 % | |
R2 | 53.85 | 1.89 % | ||
R1 | 53.21 | 0.678 % | ||
Current price: | 52.85 | |||
Support | S1 | 51.14 | -3.24 % | |
S2 | 50.50 | -4.45 % | ||
S3 | 49.46 | -6.41 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 61.70 | 16.75 % | |
R2 | 60.06 | 13.64 % | ||
R1 | 53.71 | 1.63 % | ||
Current price | 52.85 | |||
Support | S1 | 52.75 | -0.189% | |
S2 | 52.64 | -0.397% | ||
S3 | 49.48 | -6.38% |
TQQQ Dividend Payout History
# | 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
Click here for our free guide on how to buy TQQQ ETF.