| SQQQ latest price $31.8000 (-3.49%) ($31.5000 - $32.6000) on Wed. Jul. 29, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.24% (three month average) |
RSI | 52 |
Latest Price | $31.8000(-3.49%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 1% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 1.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based 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 -2.12% 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 | -2.12% (StdDev 4.24%) |
Hourly BBV | -1.4 () |
Intraday Trend | -1.9% |
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