Technical Analysis for TQQQ - ProShares UltraPro QQQ

Grade Last Price % Change Price Change
grade D 43.45 1.73% 0.74
TQQQ closed up 0.14 percent on Wednesday, January 16, 2019, on 73 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Up
See historical TQQQ trend table...

Date Alert Name Type % Chg
Jan 16 Shooting Star Candlestick Bearish 1.73%
Jan 16 Lizard Bearish Bearish Day Trade Setup 1.73%
Jan 16 Narrow Range Bar Range Contraction 1.73%
Jan 16 Weak + Overbought Other 1.73%
Jan 16 Wide Bands Range Expansion 1.73%
Jan 16 Weak, Overbought and Reversal Signs Reversal 1.73%
Jan 16 Overbought Stochastic Strength 1.73%
Jan 15 Weak + Overbought Other 1.88%
Jan 15 Wide Bands Range Expansion 1.88%
Jan 15 Overbought Stochastic Strength 1.88%

Older signals for TQQQ ...

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Profile
The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the NASDAQ-100 Index®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as three times (3x) the daily return of the index. The index, a modified market capitalization-weighted index, includes 100 of the largest non-financial domestic and international issues listed on the NASDAQ Stock Market. The fund is non-diversified.
Is TQQQ a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 73.355
52 Week Low 30.32
Average Volume 23,214,984
200-Day Moving Average 55.9554
50-Day Moving Average 44.131
20-Day Moving Average 38.2205
10-Day Moving Average 40.316
Average True Range 2.8797
ADX 22.62
+DI 25.0471
-DI 23.9197
Chandelier Exit (Long, 3 ATRs ) 36.6909
Chandelier Exit (Short, 3 ATRs ) 38.9591
Upper Bollinger Band 44.8885
Lower Bollinger Band 31.5525
Percent B (%b) 0.84
BandWidth 34.89227
MACD Line -0.5119
MACD Signal Line -1.585
MACD Histogram 1.0731
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 44.48
Resistance 3 (R3) 44.67 44.26 44.19
Resistance 2 (R2) 44.26 43.81 44.17 44.09
Resistance 1 (R1) 43.49 43.53 43.29 43.30 43.99
Pivot Point 43.08 43.08 42.98 42.99 43.08
Support 1 (S1) 42.31 42.63 42.11 42.12 41.43
Support 2 (S2) 41.90 42.35 41.81 41.33
Support 3 (S3) 41.13 41.90 41.24
Support 4 (S4) 40.94