TQQQ stock: buy or sell?

TQQQ stock price: $98.83 -2.59% At close on January 24th, 2020

Updated on:
January 24th, 2020

5

Even the negative close ($98.83, -2.59%), ProShares UltraPro QQQ set new all time high at $103.21.

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?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to choose your own trading strategy that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

These 2 buy setups match with ProShares UltraPro QQQ stock right now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

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 find any rating for TQQQ stock for the last 30 days.

TQQQ stock analysis

Daily outlook

ProShares UltraPro QQQ dropped -2.59% to $98.83 after marking all time highs on Jan 24th.

Shares of ProShares UltraPro QQQ closed on Jan/24 at $98.83 after marking a new all time high ($103.21) even it couldn't close with gains and dropped a shocking -2.59%. From a daily perspective, TQQQ is in a short term uptrend after plotting its last bottom ($85.95, on Jan/6) higher than the previous bottom, and its last top ($102.29, on Wednesday) also over the previous top. Now trading in between its last bottom and last top TQQQ might consolidate in a plain range, waiting to break out over $102.29 or down under $85.95. Since SMA50d and SMA100d crossed up on November, TQQQ price climbed $27.69 per share (38.92%). Since last October when TQQQ stock price broke up the SMA100d line, it gained $37.70 (61.67%).

TQQQ stock chart (daily)

Weekly outlook

Even the negative close ($98.83, -1.07%), ProShares UltraPro QQQ touched new all time high at $103.21. Last week TQQQ rocketed a dazzling 6.35% in just one week. After 4 weeks soaring, this week declined a -1.14%.

TQQQ shows a strong mid-term uptrend with several rising tops and rising bottoms. Since its last bottom early December, TQQQ climbed unceasignly breaking out to new all time highs. Early June TQQQ price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since SMA20d and SMA40w crossed up late May 2019, TQQQ price climbed $40.01 per share (68.02%).

TQQQ stock chart (weekly)

TQQQ stock price history

TQQQ stock went public on February 11th, 2010 with a price of $1.621. Since then, TQQQ stock grew a 6,000.60%, with an average of 666.70% per year. If you had invested $1,000 in TQQQ stock in 2010, it would worth $60,006.00 today.

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

TQQQ stock historical price chart

TQQQ stock reached all-time highs on Jan/24 with a price of $103.21.

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 30 days we have not found any price prediction 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 company, 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 understanding, the following 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

Friday, January 24th, 2020
Open$102.90
Close$98.83
Day range$97.51 - $103.21
Previous close$101.46
Session gain-2.59%
Average true range$2.80
50d mov avg$84.16
100d mov avg$74.54
200d mov avg$68.00
Daily patternlt06a
Weekly pattern lb03c

ProShares UltraPro QQQ performance

To measure stock performance is always good to benchmark with competitors or related stocks. We selected as the bechmarking frame for ProShares UltraPro QQQ stock.
Stock3m6m12m
TQQQ45.77%41.11%120.95%

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.