| SQQQ latest price $236.4500 (6.41%) ($222.4500 - $240.4000) on Mon. Jun. 3, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.94% (three month average) |
RSI | 63 |
Latest Price | $236.4500(6.41%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 2.8% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 6.4% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support SQQQ advance at 0% a week (0% probability) VXX(12%) TLT(7%) UUP(4%) IFRA(3%) IGOV(-3%) |
Factors Impacting SQQQ price | SQQQ will decline at least -1.47% in a week (0% probabilities). QQQ(-39%) IWF(-39%) IVW(-39%) VUG(-36%) SPY(-36%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.47% (StdDev 2.94%) |
Hourly BBV | 0 () |
Intraday Trend | 5.5% |
| |
|
|