| SQQQ latest price $16.1900 (8.08%) ($16.1900 - $16.2200) on Mon. Mar. 8, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.97% (three month average) |
RSI | 74 |
Latest Price | $16.1900(8.08%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 4.1% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 9.9% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Rotation from growth to value for small cap. |
Correlated ETFs | Broad market will support SQQQ advance at 0% a week (0% probability) VIXM(17%) UUP(7%) VXX(6%) TLT(2%) IGOV(1%) |
Factors Impacting SQQQ price | SQQQ will decline at least -1.985% in a week (0% probabilities). IWF(-33%) IVW(-33%) QQQ(-32%) SPY(-29%) VUG(-28%) |
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 | -1.985% (StdDev 3.97%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0% |
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