| SQQQ latest price $44.5150 (0.08%) ($44.5150 - $44.5150) on Wed. Aug. 31, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.69% (three month average) |
RSI | 69 |
Latest Price | $44.5150(0.08%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 2.5% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 10.7% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock 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%) VXX(3%) UNG(-8%) |
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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.845% (StdDev 5.69%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0% |
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