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Jun 07, 2023

TQQQ Surges by 5.20% with Assistance from Tickeron's Robotic Factory

Swing Trader: ETFs for Growing Industries (TA), has been making waves in the industry. Over the past six months, this robot has demonstrated its prowess by generating a remarkable 5.20% gain while trading TQQQ. Additionally, recent momentum indicators suggest a potential upward move for TQQQ, prompting traders to consider buying the stock or call options. In this article, we will delve into the impressive performance of the Swing Trader robot and analyze the earning results.

Swing Trader's Impressive Performance: The Swing Trader: ETFs for Growing Industries (TA) has consistently proven its worth as one of the top-performing robots in our trading factory. Its ability to navigate the market and identify lucrative opportunities has resulted in a notable 5.20% gain while trading TQQQ over the course of the previous six months. This exceptional performance highlights the effectiveness of AI-driven trading strategies, as the Swing Trader robot strategically capitalizes on market trends and dynamics.

Momentum Indicators and TQQQ's Potential: On May 5, 2023, TQQQ's Momentum Indicator moved above the 0 level, indicating a potential shift towards a new upward move. This development presents an interesting opportunity for traders to consider buying the stock or purchasing call options. To provide further insights, Tickeron's A.I.dvisor analyzed 72 instances in the past where the indicator turned positive. In an impressive 67 out of these 72 cases, the stock moved higher in the following days. This statistical analysis suggests that there is a 90% chance of a move higher for TQQQ.

Analyzing Earnings Results: While the Swing Trader robot has exhibited commendable performance with TQQQ, it is crucial to analyze the earning results to gain a comprehensive understanding of the investment's viability. Traders should consider factors such as the company's financial health, revenue growth, profitability, and market trends.

To assess TQQQ's earnings, investors should review the company's quarterly and annual reports, paying close attention to key financial metrics such as revenue, earnings per share (EPS), and operating income. Evaluating the company's historical performance can provide valuable insights into its ability to generate consistent returns.

Furthermore, understanding the industry dynamics and market conditions in which TQQQ operates is essential. Factors such as technological advancements, regulatory changes, and competitive landscape can significantly impact the company's future earnings potential. Traders should stay updated on relevant news, industry trends, and macroeconomic factors that could influence TQQQ's performance.

The Swing Trader: ETFs for Growing Industries (TA) has demonstrated its efficacy by generating a remarkable 5.20% gain while trading TQQQ over the past six months. Moreover, the recent Momentum Indicator turning positive suggests a potential upward move for TQQQ, increasing the probability of favorable returns for traders.

However, it is important to conduct a thorough analysis of TQQQ's earnings results, considering factors such as financial health, revenue growth, and industry dynamics.

Related Ticker: TQQQ

TQQQ's RSI Indicator ascends from oversold territory

The RSI Oscillator for TQQQ moved out of oversold territory on August 21, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 29 similar instances when the indicator left oversold territory. In of the 29 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated 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.

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 .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TQQQ as a result. In of 73 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

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 .

TQQQ broke above its upper Bollinger Band on August 30, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

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.

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 175.87B. The market cap for tickers in the group ranges from 12.87B to 2.74T. AAPL holds the highest valuation in this group at 2.74T. The lowest valued company is LCID at 12.87B.

High and low price notable news

The average weekly price growth across all stocks in the ProShares UltraPro QQQ ETF was -7%. For the same ETF, the average monthly price growth was -1%, and the average quarterly price growth was 47%. AMGN experienced the highest price growth at 6%, while DXCM experienced the biggest fall at -12%.

Volume

The average weekly volume growth across all stocks in the ProShares UltraPro QQQ ETF was -11%. For the same stocks of the ETF, the average monthly volume growth was -15% and the average quarterly volume growth was -24%

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: 40
SMR Rating: 50
Profit Risk Rating: 47
Seasonality Score: -40 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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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%
-4.34%
QLD - TQQQ
100%
Closely correlated
-2.90%
IWFL - TQQQ
98%
Closely correlated
N/A
ROM - TQQQ
98%
Closely correlated
-2.88%
TECL - TQQQ
97%
Closely correlated
-4.87%
BULZ - TQQQ
97%
Closely correlated
-6.29%
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