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ProShares UltraPro QQQ (TQQQ) rated SELL due to weak momentum and technical signals despite recent price drop.

Technical Signals
12 Aug 2026
Seeking Alpha
View Source
Bearish
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ProShares UltraPro QQQ (TQQQ), a leveraged ETF, is rated SELL because it lacks strong momentum and technical confirmation. Although TQQQ has dropped about 15% from its 52-week high, the broader market leadership has shifted beyond mega-cap Nasdaq stocks, reducing the appeal of TQQQ's concentrated leverage. The ETF's recent volatility and neutral Relative Strength Index (RSI) make it an unattractive entry point for investors seeking 3x exposure. Analysts recommend waiting for the underlying QQQ to reach new highs and for TQQQ to regain its 50-day moving average with a stronger RSI before considering a long position.

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