TQQQ stock: buy or sell?

TQQQ stock price: $94.05 0.77% At close on June 18th, 2020

Updated on:
June 18th, 2020

3

ProShares UltraPro QQQ shares inched 0.77% to $94.05 today. On June 11th TQQQ plummed a scary -17.27%. Counting Thursday, it's been 5 climbing sessions in a row, gaining $11.05 or 11.35%. On Jun 16th TQQQ skyrocketed an amazing 5.02%.

The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the NASDAQ-100 Index®.

Should I buy TQQQ stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, ProShares UltraPro QQQ stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean TQQQ will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is ProShares UltraPro QQQ stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't detect any rating for TQQQ stock for the last month.

TQQQ stock analysis

Daily outlook

Shares of ProShares UltraPro QQQ inched a slightly fine 0.77% and closed at $94.05.

ProShares UltraPro QQQ inched a slightly fine 0.77% and closed at $94.05. On May 15th TQQQ price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. On February, TQQQ hit new all time highs, pushing higher previous ATH of $115.43 recorded on February. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

TQQQ stock chart (daily)

Weekly outlook

After sliding a chilling -6.00% in a week last week, ProShares UltraPro QQQ closed this week at $94.05 and climbed an exceptional 10.91%.

The downtrend marked by TQQQ has left successive falling peaks and bottoms. If the support holds the price, this might mark a double bottom pattern and create a flat-base to reverse this downtrend. By mid May TQQQ price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Far behind is the all-time high ProShares UltraPro QQQ marked by mid February and since then the price is -20.83% below that top.

TQQQ stock chart (weekly)

TQQQ stock price history

TQQQ IPO was on February 11th, 2010 at $1.62 per share1. Since then, TQQQ stock grew a 5,705.60%, with an average of 570.60% per year. If you had invested $1,000 in TQQQ stock in 2010, it would worth $57,056.00 today.

1: Adjusted price after possible price splits or reverse-splits.

TQQQ stock historical price chart

TQQQ stock reached all-time highs on February with a price of $118.80.

TQQQ stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not detected any price forecast for ProShares UltraPro QQQ stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

TQQQ earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2009-Q3-n/an/an/a
2009-Q4-n/an/an/a

ProShares UltraPro QQQ ownership

When you are planning to invest in shares of a stock, it's worth to overview its ownership structure.

ProShares UltraPro QQQ shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a of all shares.

For a better context understanding, the next table shows ownership data compared to other related companies:

TQQQ
Market cap$0.0 M
Total shares0.0 M
Float shares0.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

TQQQ summary

Thursday, June 18th, 2020
Open$92.94
Close$94.05
Day range$92.04 - $94.35
Previous close$93.33
Session gain0.77%
Average true range$5.48
50d mov avg$74.83
100d mov avg$75.45
200d mov avg$75.16
Daily patternlt01a
Weekly pattern lt02a

ProShares UltraPro QQQ performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare ProShares UltraPro QQQ to :
Stock3m6m12m
TQQQ164.85%10.52%48.51%

ProShares UltraPro QQQ competitors

Unfortunately, we could not find any public company that could be defined as ProShares UltraPro QQQ competitor. This doesn't mean ProShares UltraPro QQQ does not have any competitor in the market, it's just we could not detected it.