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 19, 2024, TQQQ stock price climbed to $77.29 with 35,046,202 million shares trading.

TQQQ has a beta of 4.24, meaning it tends to be more sensitive to market movements. TQQQ has a correlation of 0.90 to the broad based SPY ETF.

TQQQ has a market cap of $24.80 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 +81.3% while the SPY ETF gained +32.5%. TQQQ has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +12.9% and +10.0%, respectively, while the SPY returned +6.8% and +3.6%, respectively.

TQQQ support price is $73.48 and resistance is $78.06 (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.