| SQQQ latest price $298.8000 (-3.18%) ($294.8000 - $319.8000) on Mon. Dec. 10, 2018. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.27% (three month average) |
RSI | 56 |
Latest Price | $298.8000(-3.18%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 2% a day on average for past five trading days. |
Weekly Trend | SQQQ declines -4.6% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support SQQQ advance at 0% a week (0% probability) VXX(9%) UUP(8%) TLT(7%) VIXM(7%) DIA(3%) |
Factors Impacting SQQQ price | SQQQ will decline at least -2.635% in a week (0% probabilities). QQQ(-40%) IWF(-40%) IVW(-40%) XLK(-37%) VUG(-37%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.635% (StdDev 5.27%) |
Hourly BBV | 0 () |
Intraday Trend | -3.6% |
| |
|
|