Trading Signals: QQQ Stock Price Prediction and Forecast

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Fri. Apr. 26, 2013

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

(PowerShares QQQ ETF)
QQQ latest price $69.5700 (-0.32%) ($69.2700 - $69.7700) on Fri. Apr. 26, 2013.

Trend Analysis and Forecast

Average Daily Percentage Swing   0.85% (three month average)
RSI   58
Latest Price   $69.5700(-0.32%)
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 0.1% 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)
SPY(92%)    XLK(90%)    XLY(83%)    IWM(76%)    EEM(70%)
Factors Impacting QQQ price   QQQ will decline at least -0.425% in a week (0% probabilities).
TLT(-16%)    SHY(-7%)    IGOV(-5%)    TIP(2%)    GLD(3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.425% (StdDev 0.85%)
Hourly BBV 0 ()
Intraday Trend -0.1%

5 Day Moving Average   $69.4(0.24%)
10 Day Moving Average   $68.87(1.02%)
20 Day Moving Average   $68.89(0.99%)
To recent high   -0.6%
To recent low   4.9%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   0.9
One Month Target Price   > $72.07
(if BBV positive, VIX trend negative.)
Correction Price   < $69.01

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

$. The price is -0.6% 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 3.6% away from the target price of 72.07.
$. QQQ price fluctuates within 1.13% (three month std-dev: 0.85%) daily (68% of days).

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