| SQQQ latest price $33.6000 (2.91%) ($33.0500 - $35.2000) on Fri. Jul. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.38% (three month average) |
RSI | 51 |
Latest Price | $33.6000(2.91%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 0.7% a day on average for past five trading days. |
Weekly Trend | SQQQ declines -1.5% 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(18%) UUP(8%) VXX(7%) IGOV(2%) IYT(1%) |
Factors Impacting SQQQ price | SQQQ will decline at least -2.19% in a week (0% probabilities). IWF(-35%) QQQ(-34%) IVW(-34%) SPY(-31%) VUG(-30%) |
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 | -2.19% (StdDev 4.38%) |
Hourly BBV | 1 () |
Intraday Trend | -1.8% |
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