Market Insights: TQQQ Daily Price Trends and Predictions.


The daily stock price of TQQQ is currently in a bullish zone, indicating an ongoing uptrend. In the short term, the buying momentum is gradually weakening, suggesting a limited upward movement and the possibility of entering a correction trend. It is anticipated that a new short-term uptrend will begin, marked by a resurgence in the uptrend starting from Tuesday and Wednesday this week. Subsequently, a mild correction trend is expected to follow. The daily trend itself is progressing within the bullish zone, indicating strong potential buying strength. Overall, a positive uptrend and a subsequent correction followed by another upward movement are expected.

During the uptrend, the expected intraday average high is around 3.3%, and the closing price corresponds to approximately 2.4%. Looking at the daily trend, it is anticipated that the uptrend will continue with stable support levels in the coming weeks, maintaining the bullish momentum. However, starting from the following week, the buying momentum is likely to weaken, and selling pressure may increase, leading to a larger correction trend. There is a high possibility that the daily trend might enter the bearish zone, breaking the current support levels and indicating a potential downtrend.

Towards the end of November, a weak downtrend with increased selling pressure is anticipated. Due to the high correlation of around 90% with the US stock market, the fluctuations, both upward and downward, are highly influenced by the direction of the overall market. Therefore, the current predictions and directions might vary based on market movements. However, it is highly likely that the existing predictions and directions will gain more credibility due to the influence of the US stock market, enhancing the reliability of the forecast. 


Nov 03, 2023

Closed price

37.58

3.53%

 

 

Appropriate Investment Position: Bullish-Buy [Long-term strategy]

Today's stock price Buy-Sell intensity analysis

The current trend appears to be 'Entering a correction trend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing a stronger HIGH-price and a weaker LOW-price Finally, the CLOSE-price closed with a stronger upward rate than the current trend.

The overall buy-and-sell intensity indicates that the buy intensity is stronger than the sell.

Assuming that the average buy intensity is 100%,

Today's buy intensity is

178%

 

 

Tomorrow's stock price Buy-Sell intensity Prediction

Based on recent stock trends and technical analysis, it looks like TQQQ stock will enter an Correction trend tomorrow

The %intensity of Risk & Return tomorrow :

7%

HIGH ~ LOW % range tomorrow :

2.1%

-0.8%

Predicted Average return over the next 3 days:

2.1%

The price of TQQQ stock moves in line with the rise and fall of the stock market index with a probability of

90%

 

, and conversely, it moves against the stock market index trend with a probability of

10%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-day forecast may also change.

TQQQ stock price 10 Day prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 days will follow an ascending rectangle pattern, with a ratio of 4 : 6 for the downward to upward direction, indicating a higher proportion of the upward trend. And, in terms of the expected strength of the upward and downward movements, the upward strength is somewhat higher, while the downward strength is moderate. Currently, it's about to begin a correction trend as an upward trend gradually gives way to a slowdown in rises and falling fluctuations. and It's maintaining a suitable Buy-Sell intensity for the current trend conditions.

Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate buying timing is predicted to be in 4 days.

The buying date is

Nov 08

to

Nov 09

A good price to buy a stock:

$ 38.02

And the appropriate selling timing is predicted to be in 6 days.

 

The selling date is

Nov 10

to

Nov 13

A good price to sell a stock:

$ 40.99

(Prediction may shift due to changes in the Buy-Sell intensity)

Volatility of Prediction

Due to maintaining a proper flow of Buy-Sell intensity that is suitable for the current trend, pretiming predictions may have low volatility.

Prediction the turning point of the trend

The probability of a trend reversal occurring approximately 4 days from now, 6 days from now

48%

Prediction of Upper~Lower price range over the next 10 days

Price:

36.45

~

40.50

% Change:

-3.0%

~

7.8%

Median price between the upper and lower prices

38.47

2.4%

Analysis of the trend zone & level% and average intensity of trends

For the last 30 days, the average trend zone & level%

Bearish

-19%

The Current trend zone & level%

Bullish

27%

The expected average trend zone & level% for the next 10 days

Bullish

68%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

54%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-38%

(Min -100%)

Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 day: Entering a correction trend

7%

2.1%

-0.8%

In 2 days: Entering a correction trend

12%

2.2%

-0.8%

In 3 days: Entering a correction trend

-47%

0.0%

-1.9%

In 4 days: Reversion to an uptrend

-5%

2.5%

-0.2%

In 5 days: Uptrend

87%

5.0%

1.1%

In 6 days: Entering a correction trend

61%

2.6%

-0.3%

In 7 days: Correction trend

-40%

0.5%

-1.9%

In 8 days: Correction trend

-48%

0.1%

-3.2%

In 9 days: Entering an uptrend

-48%

0.1%

-2.2%

In 10 days: Entering an uptrend

100%

4.1%

0.1%

Average closing price in case of rising:

 

2.4%

=> HIGH ~ LOW range:

3.3%

~

-0.9%

Average closing price in case of falling:

 

-2.1%

=> HIGH ~ LOW range:

1.0%

~

-3.5%

The 10-day prediction and technical analysis of TQQQ stock are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.


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