Largest Negative Opening Gaps for TQQQ

How does TQQQ usually behave after a large gap-down move?

Using the 12 largest gap-down moves over the last 3 years in TQQQ stock, the average move was -8.4% with the single largest opening gap of -16.3% occurring on 5-Aug-2024. Following the opening, TQQQ tended to drift higher to the closing price 58% of the time for an average gain of +0.6%. The following day, TQQQ stock price averaged -1.2% losses, with up moves more frequent than down moves. The stock was up 58% of the time in that period one day after these significant gaps.

Catalysts

11 of TQQQ's 12 largest moves corresponded with a large gap down in the overall market.

Open-to-High and Open-to-Low

The largest percentage gain from the open to the high of the day was +27.7% on 7-Apr-2025, while the biggest drop from the open to the low was -14.6% on 10-Apr-2025. On average, the TQQQ stock price gain from the opening price to the highest point of the day was +6.3%, and the average drop to the lowest point was -4.5%.

Day Drift Open-to-Close

The best performance in TQQQ stock price from opening price to closing price (referred to as the "drift" for the day) was on 7-Apr-2025 for a +12.5% gain after the stock gapped down -10.8% at the open. The worst worst return from the opening price to the closing price was on 4-Apr-2025 when the stock lost -10.8% after the stock gapped down -8.4%. Overall in the 12 available observations, the stock drifted higher 58% of the time for an average gain of +0.6%.