| SQQQ latest price $32.9500 (3.78%) ($31.8500 - $33.1000) on Tue. Jul. 28, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.39% (three month average) |
RSI | 52 |
Latest Price | $32.9500(3.78%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 1.5% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 0.6% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Growth stock 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(3%) IYT(1%) |
Factors Impacting SQQQ price | SQQQ will decline at least -2.195% 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 | -2.195% (StdDev 4.39%) |
Hourly BBV | 0 () |
Intraday Trend | 2.6% |
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