TQQQ Stock ProShares UltraPro QQQ (TQQQ, $74.64) Aroon Indicator entered an Uptrend on October 18, 2024.
Momentum Indicator for TQQQ turns positive, indicating new upward trend
TQQQ saw its Momentum Indicator move above the 0 level on October 08, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 78 similar instances where the indicator turned positive. In of the 78 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for TQQQ just turned positive on October 08, 2024. Looking at past instances where TQQQ's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
TQQQ moved above its 50-day moving average on September 19, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for TQQQ crossed bullishly above the 50-day moving average on September 23, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TQQQ advanced for three days, in of 390 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 400 cases where TQQQ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 61 cases where TQQQ's Stochastic Oscillator exited the overbought zone, the price fell further within 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 October 09, 2024. 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.
General Information
Category Trading