TQQQ stock: buy or sell?

TQQQ stock price: $55.78 -9.15% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

1

ProShares UltraPro QQQ collapsed a dreadful -9.15% and closed at $55.78.

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?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with ProShares UltraPro QQQ stock situation right now, therefore this is not a suitable entry point.

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 fall 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 30 days.

TQQQ stock analysis

Daily outlook

ProShares UltraPro QQQ closed today at $55.78 and collapsed a dreadful -9.15%.

Shares of ProShares UltraPro QQQ collapsed a dreadful -9.15% and closed at $55.78. On June, SMA100d and SMA200d crossed up triggering a rise of 4.97%. Since price and SMA200d lines crossed up on June, TQQQ climbed $2.64 (4.97%).

TQQQ stock chart (daily)

Weekly outlook

Shares of ProShares UltraPro QQQ closed this week at $55.78 and collapsed a dreadful -5.41%. With this, it's been 4 red weeks in a row, sliding $-14.29 or a -21.74%. Late July TQQQ boosted a dazzling 6.18% in just one week.

Price pattern shows an uptrend with two rising tops and bottoms, and now trading upwards to the $70.39 resistance. Since price and SMA40w lines crossed up early June, TQQQ climbed $5.56 (11.07%). Since SMA20w and SMA40w crossed up late May, TQQQ price slid a -5.20%. Far behind is the all-time high ProShares UltraPro QQQ marked late August 2018 and since then the price is -23.84% 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 3,343.20%, with a yearly average of 371.50%. If you had invested right after TQQQ's IPO a $1,000 in TQQQ stock in 2010, it would worth $33,432.00 today.

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

TQQQ stock historical price chart

TQQQ stock reached all-time highs on August with a price of $73.24.

TQQQ stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable 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. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we have not found any price target 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 buy shares of a stock, it's worth to check 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 stocks:

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

Friday, August 23rd, 2019
Open$60.13
Close$55.78
Day range$55.08 - $61.80
Previous close$61.40
Session gain-9.15%
Average true range$3.60
50d mov avg$63.36
100d mov avg$61.58
200d mov avg$54.45
Daily patternlt11a
Weekly pattern lb02a

ProShares UltraPro QQQ performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For ProShares UltraPro QQQ, the benchmark is made against .
Stock3m6m12m
TQQQ3.18%9.85%-17.46%

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.