| SQQQ latest price $103.2500 (-5.92%) ($103.0500 - $112.4000) on Thu. Apr. 2, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 10.08% (three month average) |
RSI | 52 |
Latest Price | $103.2500(-5.92%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 1.2% a day on average for past five trading days. |
Weekly Trend | SQQQ declines -12% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support SQQQ advance at 0% a week (0% probability) VIXM(20%) UUP(9%) VXX(8%) TLT(3%) IGOV(-2%) |
Factors Impacting SQQQ price | SQQQ will decline at least -5.04% in a week (0% probabilities). QQQ(-36%) IWF(-36%) IVW(-36%) VUG(-33%) XLK(-32%) |
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 | -5.04% (StdDev 10.08%) |
Hourly BBV | 0.4 () |
Intraday Trend | -7.2% |
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