| QQQ latest price $28.2500 (2.02%) ($28.1700 - $28.7100) on Mon. May. 5, 2003. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.44% (three month average) |
RSI | 77 |
Latest Price | $28.2500(2.02%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | QQQ advances 0.5% a day on average for past five trading days. |
Weekly Trend | QQQ advances 2.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support QQQ advance at 0% a week (0% probability) XLK(92%) SPY(91%) XLY(84%) IWM(82%) EEM(75%) |
Factors Impacting QQQ price | QQQ will decline at least -0.72% in a week (0% probabilities). TLT(-27%) SHY(-20%) REMX(-0%) LQD(15%) OIH(50%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.72% (StdDev 1.44%) |
Hourly BBV | 0 () |
Intraday Trend | -0.3% |
| |
|
|