| SQQQ latest price $347.8000 (7.35%) ($310.2000 - $355.4000) on Wed. Dec. 19, 2018. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.43% (three month average) |
RSI | 70 |
Latest Price | $347.8000(7.35%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 3.9% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 8.4% 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) VXX(9%) UUP(8%) TLT(7%) VIXM(6%) DIA(3%) |
Factors Impacting SQQQ price | SQQQ will decline at least -2.715% in a week (0% probabilities). QQQ(-40%) IWF(-40%) IVW(-40%) VUG(-37%) XLK(-36%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.715% (StdDev 5.43%) |
Hourly BBV | 0 () |
Intraday Trend | 6.8% |
| |
|
|