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 November 15, 2024, TQQQ stock price declined to $74.27 with 56,032,267 million shares trading.

TQQQ has a beta of 4.25, meaning it tends to be more sensitive to market movements. TQQQ has a correlation of 0.89 to the broad based SPY ETF.

TQQQ has a market cap of $23.09 billion. This is considered a Large Cap stock.

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

TQQQ has outperformed the market in the last year with a price return of +75.2% while the SPY ETF gained +32.1%. TQQQ has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +17.0% and +6.9%, respectively, while the SPY returned +8.0% and +3.0%, respectively.

TQQQ support price is $77.81 and resistance is $82.31 (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.