Trading Signals: QQQ Stock Price Prediction and Forecast

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Wed. Jun. 18, 2003

Trading Signals: QQQ Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Tue. Jun. 18, 2024)

(PowerShares QQQ ETF)
QQQ latest price $30.9200 (0.52%) ($30.4500 - $31.2300) on Wed. Jun. 18, 2003.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.5% (three month average)
RSI   67
Latest Price   $30.9200(0.52%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   QQQ advances 0.3% a day on average for past five trading days.
Weekly Trend   QQQ advances 1.5% 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 -0.75% 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   -0.75% (StdDev 1.5%)
Hourly BBV 0 ()
Intraday Trend 0.8%

5 Day Moving Average   $30.63(0.95%)
10 Day Moving Average   $30.43(1.61%)
20 Day Moving Average   $29.8(3.76%)
To recent high   0%
To recent low   21.5%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   1.2
One Month Target Price   > $30.92
(if BBV positive, VIX trend negative.)
Correction Price   < $28.6

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

$. The price is 0% 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 -6.5% away from the target price of 30.92.
$. QQQ price fluctuates within 3.09% (three month std-dev: 1.5%) daily (68% of days).

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