TQQQ: Weekly Forecast Navigating Near-Term Challenges for Long-Term Gains


The weekly trend of TQQQ entered the Bullish zone five weeks ago, and a favorable upward trend is ongoing, consistently pushing the highs higher. Based on the direction of the trend, it has maintained an upward flow for the seventh consecutive week. In the short term, it is expected that from next week onwards, the buying momentum will gradually weaken, indicating a potential entry into a correction trend. This trend is expected to transition to an overall correction trend by early to mid-January, about two weeks later. Subsequently, a trend indicating a return to an upward trajectory is anticipated.

In the short term, the flow is expected to fluctuate around the resistance level of $50, serving as a short-term peak. Over the next few weeks, buying strength is expected to be weak, and selling pressure may temporarily intensify. This forecast suggests that there will be periods of weaker buying and temporary strengthening of selling pressure in the coming weeks.



Dec 11, 2023

◆ Closed price

49.24

9.84%

　

　

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

◆ This week's stock price Buy-Sell intensity analysis

The current trend appears to be 'Uptrend'. The OPEN-price started with a stronger decline rate than the current trend and The HIGH and LOW prices are showing an appropriate HIGH-price to the current trend 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%,

This week's buy intensity is

157%

 

 

◆ Next week'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 next week

The %intensity of Risk & Return next week :

14%

HIGH ~ LOW % range next week :

1.9%

-2.6%

Predicted Average loss over the next 3 weeks:

-8.8%

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

94%

 

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

6%

 

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-week forecast may also change.

◆ TQQQ stock price 10 Week prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 weeks will follow a strong upward direction, with a ratio of 5 : 5 for the downward to upward direction, with the proportion of the upward and downward trend being equal. And, in terms of the expected strength of the upward and downward movements, the upward strength is higher, while the downward strength is moderate. Currently, it's in the midst of a strong uptrend in prices, marked by brief declines and strong rises. and The Buy-Sell intensity has changed from a weak buying flow to a strengthening buying flow again.

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 selling timing is predicted to be this week or next week.

The selling date is

Dec 18

 

 

A good price to sell a stock:

$ 50.10

And the appropriate buying timing is predicted to be in 4 weeks.

The buying date is

Jan 01

to

Jan 08

A good price to buy a stock:

$ 45.54

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

◆ Volatility of Prediction

Due to sudden changes in Buy-Sell intensity that can cause instability in trend linkage, pretiming predictions can be highly volatile.

◆ Predicting the Turning Point of the Trend

The probability of a trend reversal occurring approximately 2 weeks from now, 7 weeks from now

 

◆ Prediction of Upper~Lower price range over the next 10 weeks

Price:

46.33

~

58.36

% Change:

-5.9%

~

18.5%

Median price between the upper and lower prices

52.35

6.3%

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

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

Bullish

29%

The Current trend zone & level%

Bullish

87%

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

Bullish

74%

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

69%

(Max 100%)

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

-47%

(Min -100%)

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

Trend

%Intensity

HIGH

LOW

In 1 week: Entering a correction trend

14%

1.9%

-2.6%

In 2 weeks: Entering a correction trend

-50%

0.1%

-3.9%

In 3 weeks: Correction trend

-50%

0.7%

-7.0%

In 4 weeks: Correction trend

-50%

0.3%

-4.2%

In 5 weeks: Correction trend

54%

4.3%

-3.7%

In 6 weeks: Entering an uptrend

86%

9.3%

-0.4%

In 7 weeks: Entering an uptrend

91%

10.9%

0.4%

In 8 weeks: Uptrend

82%

8.3%

0.4%

In 9 weeks: Entering a correction trend

88%

7.6%

0.3%

In 10 weeks: Entering a correction trend

-38%

0.8%

-3.4%

◆ Average closing price in case of rising:

 

7.1%

=> HIGH ~ LOW range:

9.3%

~

-3.7%

◆ Average closing price in case of falling:

 

-4.8%

=> HIGH ~ LOW range:

4.3%

~

-9.0%

The 10-week 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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