| SQQQ latest price $183.6500 (9.15%) ($167.2000 - $185.6500) on Fri. Aug. 23, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.62% (three month average) |
RSI | 46 |
Latest Price | $183.6500(9.15%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 1% a day on average for past five trading days. |
Weekly Trend | SQQQ declines -2.5% 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 -1.81% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.81% (StdDev 3.62%) |
Hourly BBV | 0 () |
Intraday Trend | 6.9% |
| |
|
|