| SQQQ latest price $44.4800 (3.08%) ($44.4800 - $44.4800) on Tue. Aug. 30, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.69% (three month average) |
RSI | 70 |
Latest Price | $44.4800(3.08%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 2.4% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 9.2% 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(25%) VIXM(19%) TBT(13%) EDOC(9%) VXX(3%) |
Factors Impacting SQQQ price | SQQQ will decline at least -2.845% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.845% (StdDev 5.69%) |
Hourly BBV | 1.1 () |
Intraday Trend | 0% |
| |
|
|