Is ProShares UltraPro QQQ ($TQQQ) Set To Blow Up? (2019-10-18)

REPORTING FOR 2019-10-18 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how TQQQ has been trading over the last 2 weeks and the past day especially. On its latest session, ProShares UltraPro QQQ ($TQQQ) opened at 66.56, reaching a high of 66.86 and a low of 65.14 before closing at a price of 65.7139. There was a total volume of 10695418.

VOLUME INDICATORS FOR PROSHARES ULTRAPRO QQQ ($TQQQ): We saw an accumulation-distribution index of 834.78592, an on-balance volume of -65.43, chaikin money flow of 10.46667 and a force index of -0.24114. There was an ease of movement rating of 0.01207, a volume-price trend of 4.84368 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR PROSHARES ULTRAPRO QQQ ($TQQQ): We noted an average true range of 1.64163, bolinger bands of 65.45997, an upper bollinger band of 64.47003, lower bollinger band of 65.14, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 66.18667, high band keltner channel of 65.88667, low band keltner channel of 66.48667, 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 65.14, a donchian channel low band of 65.14, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR PROSHARES ULTRAPRO QQQ ($TQQQ): We calculated a Moving Average Convergence Divergence (MACD) of -0.00785, a MACD signal of -0.00436, a MACD difference of -0.00349, a fast Exponential Moving Average (EMA) indicator of 65.14, a slow Exponential Moving Average (EMA) indicator of 65.14, 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 0.47791, a trix of 5.13962, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -4.50352, a KST Oscillator (KST) of 74.2708 and a KST Oscillator (KST Signal) of 74.2708 (leaving a KST difference of -1.44303). We also found an Ichimoku rating of 66.71, an Ichimoku B rating of 66.71, a Ichimoku visual trend A of 62.94831, an Ichimoku visual trend B of 63.0005, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR PROSHARES ULTRAPRO QQQ ($TQQQ): 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 76.02777, a stochastic oscillator of 573.33333, a stochastic oscillator signal of 573.33333, a Williams %R rating of 473.33333 and an awesome oscillator of -0.47067.

RETURNS FOR PROSHARES ULTRAPRO QQQ ($TQQQ): There was a daily return of 7.42708, a daily log return of -0.53875 and a cumulative return of -0.5373.

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 2019-10-18 (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)…

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.

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