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Jun 14, 2023

Last Week's Performance Report: TQQQ Soars +5.04% Under Tickeron's Algorithmic Guidance

Swing Trader: ETFs for Growing Industries (TA), an AI trading robot developed in our factory, demonstrated outstanding performance by generating a remarkable +5.04% gain while trading TQQQ (NASDAQ 100 Triple Leveraged ETF) over the past week. This article will analyze the earning results and provide insights into the stock's potential upward momentum.

Analyzing TQQQ's Momentum Indicator: On May 5, 2023, TQQQ's Momentum Indicator crossed above the 0 level, suggesting a potential shift towards a new upward trend. This technical signal serves as a key indication for traders to consider buying the stock or purchasing call options. Tickeron's A.I.dvisor, an artificial intelligence tool, examined 72 similar instances where the indicator turned positive and provided some compelling statistics.

Historical Analysis and Positive Outcomes: Out of the 72 instances analyzed, Tickeron's A.I.dvisor found that in 67 cases, the stock moved higher in the following days after the Momentum Indicator turned positive. This historical data indicates that the odds of TQQQ continuing its upward move are as high as 90%. Such a significant probability suggests a favorable environment for traders seeking potential gains in TQQQ.

Implications for Traders: The positive earnings results and the Momentum Indicator's crossing above the 0 level provide encouraging signs for traders considering TQQQ. Here are a few key implications to consider:

  1. Increased Confidence: The AI trading robot's impressive +5.04% gain demonstrates the effectiveness of Swing Trader: ETFs for Growing Industries (TA) in identifying profitable opportunities. Traders can have increased confidence in the robot's capabilities and its ability to generate favorable returns.

  2. Potential Upside: With a historical success rate of 90% in similar instances, the odds of TQQQ continuing its upward move are considerably high. Traders may want to explore buying the stock or purchasing call options to potentially benefit from the anticipated price appreciation.

  3. Risk Management: As with any investment, it is crucial to implement proper risk management strategies. Traders should consider setting stop-loss orders or employing other risk mitigation techniques to protect against potential downturns or market volatility.

The Swing Trader: ETFs for Growing Industries (TA) AI trading robot has showcased its prowess by generating an impressive +5.04% gain while trading TQQQ. The recent crossing of TQQQ's Momentum Indicator above the 0 level suggests a potential shift towards an upward trend. Traders may find these earning results and technical signals compelling, indicating favorable opportunities for potential gains.

Related Ticker: TQQQ

Momentum Indicator for TQQQ turns negative, indicating new downward trend

TQQQ saw its Momentum Indicator move below the 0 level on September 13, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 72 similar instances where the indicator turned negative. In of the 72 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for TQQQ turned negative on September 18, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

TQQQ moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for TQQQ crossed bearishly below the 50-day moving average on September 15, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TQQQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for TQQQ entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TQQQ advanced for three days, in of 373 cases, the price rose further within the following month. The odds of a continued upward trend are .

TQQQ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Tesla (NASDAQ:TSLA), Meta Platforms (NASDAQ:META), Broadcom (NASDAQ:AVGO), Costco Wholesale Corp (NASDAQ:COST).

Industry description

The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the NASDAQ-100 Index®. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.

Market Cap

The average market capitalization across the ProShares UltraPro QQQ ETF is 168.96B. The market cap for tickers in the group ranges from 11.71B to 2.75T. AAPL holds the highest valuation in this group at 2.75T. The lowest valued company is LCID at 11.71B.

High and low price notable news

The average weekly price growth across all stocks in the ProShares UltraPro QQQ ETF was -9%. For the same ETF, the average monthly price growth was -5%, and the average quarterly price growth was 39%. SGEN experienced the highest price growth at 4%, while INTC experienced the biggest fall at -10%.

Volume

The average weekly volume growth across all stocks in the ProShares UltraPro QQQ ETF was -42%. For the same stocks of the ETF, the average monthly volume growth was -3% and the average quarterly volume growth was -5%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 65
P/E Growth Rating: 55
Price Growth Rating: 47
SMR Rating: 50
Profit Risk Rating: 48
Seasonality Score: -35 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com
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TQQQ and

Correlation & Price change

A.I.dvisor indicates that over the last year, TQQQ has been closely correlated with QLD. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if TQQQ jumps, then QLD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TQQQ
1D Price
Change %
TQQQ100%
+1.33%
QLD - TQQQ
100%
Closely correlated
+0.89%
IWFL - TQQQ
98%
Closely correlated
+0.87%
ROM - TQQQ
98%
Closely correlated
+0.81%
TECL - TQQQ
97%
Closely correlated
+1.08%
BULZ - TQQQ
97%
Closely correlated
+2.07%
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