| SQQQ latest price $31.7500 (-5.51%) ($31.6500 - $33.2500) on Mon. Jul. 27, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.42% (three month average) |
RSI | 44 |
Latest Price | $31.7500(-5.51%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 1.3% a day on average for past five trading days. |
Weekly Trend | SQQQ declines -0.7% a week on average for past two weeks. |
Market Behavior | Growth stock 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(18%) UUP(8%) VXX(7%) IGOV(3%) IYT(1%) |
Factors Impacting SQQQ price | SQQQ will decline at least -2.21% 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 | -2.21% (StdDev 4.42%) |
Hourly BBV | -0.8 () |
Intraday Trend | -3.6% |
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