| QQQ latest price $224.7900 (1.31%) ($222.4800 - $225.0000) on Fri. May. 8, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.33% (three month average) |
RSI | 62 |
Latest Price | $224.7900(1.31%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | QQQ advances 1.1% a day on average for past five trading days. |
Weekly Trend | QQQ advances 2.2% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support QQQ advance at 0% a week (0% probability) IWF(98%) IVW(97%) SPY(91%) FIVG(88%) VUG(85%) |
Factors Impacting QQQ price | QQQ will decline at least -1.665% in a week (0% probabilities). VIXM(-50%) UUP(-26%) VXX(-19%) TBT(-4%) IYT(3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.665% (StdDev 3.33%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0% |
| |
|
|