| SQQQ latest price $107.3000 (3.92%) ($101.5500 - $111.1000) on Fri. Apr. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 10.08% (three month average) |
RSI | 38 |
Latest Price | $107.3000(3.92%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 0.1% a day on average for past five trading days. |
Weekly Trend | SQQQ declines -14% 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(19%) UUP(8%) VXX(8%) TLT(2%) 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(-32%) SPY(-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 | 0.6 () |
Intraday Trend | 3% |
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