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 December 27, 2024, TQQQ stock price declined to $84.66 with 48,483,781 million shares trading.

TQQQ has a beta of 4.22, meaning it tends to be more sensitive to market movements. TQQQ has a correlation of 0.88 to the broad based SPY ETF.

TQQQ has a market cap of $26.43 billion. This is considered a Large Cap stock.

In the last 3 years, TQQQ traded as high as $93.79 and as low as $16.10.

TQQQ has outperformed the market in the last year with a return of +67.1%, while the SPY ETF gained +26.6%. In the last 3 month period, TQQQ beat the market returning +16.0%, while SPY returned +4.3%. However, in the most recent 2 weeks TQQQ has underperformed the stock market by returning -3.0%, while SPY returned -1.2%.

TQQQ support price is $85.54 and resistance is $90.96 (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 shares will trade within this expected range on the day.