ProShares UltraPro QQQ ETF drops 18.91% and closes below lower Bollinger band

The ProShares UltraPro QQQ ETF has a bearish daily setup, despite oversold readings that complicate the near-term outlook. Price stands below its daily exponential averages and lower Bollinger band. The hourly chart confirms that weakness, while the 15-minute MACD offers only limited counterweight. Key takeaways TQQQ closed at $50.47 on Thursday, November 5, 2026, down 18.91% from the prior close of $62.24, with session volume of 230,687,300 shares. The daily RSI14 is 26.76 , in oversold territory, and the daily MACD line at -4.6 is below its signal line at -2.87. The ETF’s close sits below the daily 20-session EMA ($67.07), 50-session EMA ($70.85), and 200-session EMA ($66.48). The hourly MACD line at -3.3 remains below its signal at -2.38, though the histogram improved to -0.93 from -0.97.

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