Taking everything into account, TQQQ scores 4 out of 10 in our technical rating. In the last year, TQQQ was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
TQQQ has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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45.98
5 important support areas can be observed.
- Support @50.74 from a trend line in the weekly time frame.
- Support @49.72 from a trend line in the daily time frame.
- Support @48.27 from a trend line in the daily time frame.
- Support @47.47 from a horizontal line in the weekly time frame.
- Support @46.44 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 53.21 to 53.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 55.89 to 56.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TQQQ is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TQQQ is down. |
| ChartMill Relative Strength | 75.79 | POSITIVE | TQQQ has a high relative strength, it outperformed 75.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TQQQ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TQQQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TQQQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.56 | NEUTRAL | The RSI value for TQQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests TQQQ has a negative trend. |
| Stochastics (14,3) | 16.24 | OVERSOLD | The low Stochastics value suggests TQQQ may be oversold. |
| Average True Range in percent/ATR (20) | 5.05 | HIGH VOLATILITY | The high ATR as a percentage value for TQQQ suggests high volalility. |
| Average Directional Index/ADX (14) | 15.01 | NEGATIVE | The low ADX value for TQQQ suggests a weak or negative trend. |
51.51
+2.11 (+4.27%)
PROSHARES ULTRAPRO QQQ / TQQQ FAQ
What is the technical rating for TQQQ stock?
ChartMill assigns a technical rating of 4 / 10 to TQQQ.
What is the current trend direction of PROSHARES ULTRAPRO QQQ (TQQQ) stock?
The current trend direction for PROSHARES ULTRAPRO QQQ (TQQQ) is Bullish.
What is the RSI signal for PROSHARES ULTRAPRO QQQ (TQQQ) stock?
PROSHARES ULTRAPRO QQQ (TQQQ) has an RSI value of 44.5643. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PROSHARES ULTRAPRO QQQ?
The short term momentum for PROSHARES ULTRAPRO QQQ (TQQQ) is negative.
What is the support and resistance level for TQQQ stock?
PROSHARES ULTRAPRO QQQ (TQQQ) has a support level at 50.74 and a resistance level at 53.21. Check the full technical report for our detailed analysis of TQQQ support and resistance levels.