TQQQ stock: buy or sell?
June 18th, 2020
The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the NASDAQ-100 IndexÂ®.
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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
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.
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 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 targetNobody 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
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
ProShares UltraPro QQQ ownershipWhen 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:
|Market cap||$0.0 M|
|Total shares||0.0 M|
|Float shares||0.0 M|
|- Institutional holdings (%)||0.0%|
|- Insider holdings (%)||0.0%|
|Shares in short selling||0.0%|
|Thursday, June 18th, 2020|
|Day range||$92.04 - $94.35|
|Average true range||$5.48|
|50d mov avg||$74.83|
|100d mov avg||$75.45|
|200d mov avg||$75.16|
ProShares UltraPro QQQ performancePerformance 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 :