TQQQ Stock Summary and Trading Ideas (ProShares Ultrapro QQQ | NASDAQ:TQQQ)

ProShares UltraPro QQQ seeks daily investment results before fees and expenses that correspond to triple (300%) the daily performance of the NASDAQ-100 Index .

ProShares Ultrapro QQQ trades on the NASDAQ stock market under the symbol TQQQ.

As of April 19, 2024, TQQQ stock price declined to $49.48 with 117,617,387 million shares trading.

TQQQ has a beta of 3.59, meaning it tends to be more sensitive to market movements. TQQQ has a correlation of 0.82 to the broad based SPY ETF.

TQQQ has a market cap of $17.68 billion. This is considered a Large Cap stock.

In the last 3 years, TQQQ stock traded as high as $91.68 and as low as $16.10.

TQQQ has outperformed the market in the last year with a return of +82.4%, while the SPY ETF gained +21.2%. However, in the most recent history, TQQQ shares have underperformed the stock market with its stock returning -3.6% in the last 3 month period and -14.4% for the last 2 week period, while SPY has returned +4.3% and -3.5%, respectively.

TQQQ support price is $51.00 and resistance is $54.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TQQQ stock will trade within this expected range on the day.