| SQQQ latest price $20.3300 (-2.56%) ($20.3300 - $20.3300) on Tue. Oct. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.06% (three month average) |
RSI | 51 |
Latest Price | $20.3300(-2.56%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 1.4% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 2.8% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SQQQ advance at 0% a week (0% probability) VXX(60%) VIXM(52%) TBT(32%) UUP(30%) GLD(22%) |
Factors Impacting SQQQ price | SQQQ will decline at least -1.53% in a week (0% probabilities). IVW(-98%) VUG(-97%) IWF(-97%) XLK(-94%) SPY(-94%) |
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 | -1.53% (StdDev 3.06%) |
Hourly BBV | -1.5 () |
Intraday Trend | 0% |
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