| SQQQ latest price $39.6600 (8.2%) ($39.6600 - $39.8500) on Mon. Aug. 22, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.82% (three month average) |
RSI | 47 |
Latest Price | $39.6600(8.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 3.6% a day on average for past five trading days. |
Weekly Trend | SQQQ declines -2.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SQQQ advance at 0% a week (0% probability) UUP(24%) VIXM(19%) TBT(13%) EDOC(8%) VXX(3%) |
Factors Impacting SQQQ price | SQQQ will decline at least -2.91% in a week (0% probabilities). QQQ(-99%) IWF(-98%) IVW(-95%) SPY(-93%) FIVG(-88%) |
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 | -2.91% (StdDev 5.82%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0% |
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