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REPORTING FOR 2019-07-29 | LOGISTICS-BUSINESS-REVIEW.COM: We have conducted a deep analysis of how ProShares UltraPro QQQ ($TQQQ) has been trading over the last 2 weeks and the past day especially. On its latest session, ProShares UltraPro QQQ ($TQQQ) opened at 69.3, reaching a high of 70.39 and a low of 69.22 before closing at a price of 70.07. There was a total volume of 13917919.
VOLUME INDICATORS: We saw an accumulation-distribution index of 2170.68486, an on-balance volume of -68.05, chaikin money flow of 1.14679 and a force index of 0.0284. There was an ease of movement rating of 7e-05, a volume-price trend of 11.64347 and a negative volume index of 1000.0.
VOLATILITY: We noted an average true range of 1.19616, bolinger bands of 70.66446, an upper bollinger band of 66.19554, lower bollinger band of 69.22, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 69.63667, high band keltner channel of 68.54667, low band keltner channel of 70.72667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 69.22, a donchian channel low band of 69.22, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND: We calculated a Moving Average Convergence Divergence (MACD) of -0.03545, a MACD signal of -0.01969, a MACD difference of -0.01575, a fast Exponential Moving Average (EMA) indicator of 69.22, a slow Exponential Moving Average (EMA) indicator of 69.22, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.30074, a trix of 11.86983, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -9.8858, a KST Oscillator (KST) of 166.61221 and a KST Oscillator (KST Signal) of 166.61221 (leaving a KST difference of -6.65721). We also found an Ichimoku rating of 69.845, an Ichimoku B rating of 69.845, a Ichimoku visual trend A of 61.74084, an Ichimoku visual trend B of 61.98866, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.
MOMENTUM: We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 99.19725, a stochastic oscillator of 107.33945, a stochastic oscillator signal of 107.33945, a Williams %R rating of 7.33945 and an awesome oscillator of -0.22443.
RETURNS: There was a daily return of 16.66122, a daily log return of -2.30903 and a cumulative return of -2.28258.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-07-29 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for ProShares UltraPro QQQ ($TQQQ)…
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DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling ProShares UltraPro QQQ ($TQQQ) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.