| SQQQ latest price $183.6500 (9.06%) ($175.0000 - $184.5000) on Wed. Aug. 14, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.52% (three month average) |
RSI | 64 |
Latest Price | $183.6500(9.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 0.2% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 4.8% 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(23%) VXX(11%) TLT(7%) IFRA(4%) UUP(4%) |
Factors Impacting SQQQ price | SQQQ will decline at least -1.76% in a week (0% probabilities). QQQ(-39%) IWF(-39%) IVW(-39%) VUG(-36%) XLK(-35%) |
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 | -1.76% (StdDev 3.52%) |
Hourly BBV | 0 () |
Intraday Trend | 4% |
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