TQQQ stock: buy or sell?
January 24th, 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?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:
|New all-time high||Yes|
|New 52 week high||Yes|
|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 find any rating for TQQQ stock for the last 30 days.
TQQQ stock analysis
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%).
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 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 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 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
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
ProShares UltraPro QQQ ownershipWhen 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:
|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%|
|Friday, January 24th, 2020|
|Day range||$97.51 - $103.21|
|Average true range||$2.80|
|50d mov avg||$84.16|
|100d mov avg||$74.54|
|200d mov avg||$68.00|
ProShares UltraPro QQQ performanceTo measure stock performance is always good to benchmark with competitors or related stocks. We selected as the bechmarking frame for ProShares UltraPro QQQ stock.