| SQQQ latest price $1646.4000 (2.8%) ($1619.2000 - $1684.0000) on Wed. Jan. 6, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.15% (three month average) |
RSI | 60 |
Latest Price | $1646.4000(2.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 3.2% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 1.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SQQQ advance at 0% a week (0% probability) VIXM(12%) TLT(8%) UUP(7%) GDXJ(0%) SHY(-1%) |
Factors Impacting SQQQ price | SQQQ will decline at least -1.575% in a week (0% probabilities). QQQ(-43%) IWF(-43%) IVW(-43%) XLK(-40%) VUG(-40%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.575% (StdDev 3.15%) |
Hourly BBV | 0 () |
Intraday Trend | -2.2% |
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