| SQQQ latest price $19.4400 (-0.15%) ($19.0000 - $19.9400) on Mon. Nov. 23, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.56% (three month average) |
RSI | 32 |
Latest Price | $19.4400(-0.15%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 0.4% a day on average for past five trading days. |
Weekly Trend | SQQQ declines -2.4% a week on average for past two weeks. |
Market Behavior | Value stock 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(7%) VXX(6%) EDOC(5%) TLT(1%) |
Factors Impacting SQQQ price | SQQQ will decline at least -2.78% in a week (0% probabilities). QQQ(-33%) IWF(-33%) IVW(-33%) SPY(-30%) VUG(-29%) |
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 | -2.78% (StdDev 5.56%) |
Hourly BBV | 0.6 () |
Intraday Trend | 0% |
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