Trading Signals: QQQ Stock Price Prediction and Forecast

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Tue. Jun. 17, 2003

Trading Signals: QQQ Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Fri. Jun. 14, 2024)

(PowerShares QQQ ETF)
QQQ latest price $30.7600 (-0.39%) ($30.5600 - $31.1100) on Tue. Jun. 17, 2003.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.51% (three month average)
RSI   67
Latest Price   $30.7600(-0.39%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   QQQ advances 0.4% a day on average for past five trading days.
Weekly Trend   QQQ advances 1.8% 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 -0.755% 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   -0.755% (StdDev 1.51%)
Hourly BBV 0 ()
Intraday Trend -0.8%

5 Day Moving Average   $30.55(0.69%)
10 Day Moving Average   $30.37(1.28%)
20 Day Moving Average   $29.65(3.74%)
To recent high   -0.4%
To recent low   20.9%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   1.1
One Month Target Price   > $30.76
(if BBV positive, VIX trend negative.)
Correction Price   < $28.44

Fed Fund Rate   % ()
Yield Curve    (0)
Credit Spread    (0)

$. The price is -0.4% to new high. In the past, the price will move at least 10% above the recent low once it hits new high. Now it's -5.8% away from the target price of 30.76.
$. QQQ price fluctuates within 3.31% (three month std-dev: 1.51%) daily (68% of days).

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