| SQQQ latest price $1616.8000 (3.75%) ($1548.0000 - $1628.8000) on Tue. May. 17, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.72% (three month average) |
RSI | 60 |
Latest Price | $1616.8000(3.75%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 1% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 0.3% 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(11%) TLT(8%) UUP(7%) IPO(1%) GDXJ(-0%) |
Factors Impacting SQQQ price | SQQQ will decline at least -1.36% in a week (0% probabilities). QQQ(-43%) IWF(-43%) IVW(-42%) VUG(-40%) XLK(-39%) |
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 | -1.36% (StdDev 2.72%) |
Hourly BBV | 0 () |
Intraday Trend | 3.6% |
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