| TQQQ latest price $22.5150 (7.5%) ($21.4450 - $22.7600) on Wed. Jan. 30, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.68% (three month average) |
RSI | 61 |
Latest Price | $22.5150(7.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 1.2% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 2.3% 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 TQQQ advance at 0% a week (0% probability) XLK(45%) DIA(44%) SPY(44%) IVW(43%) IWF(43%) |
Factors Impacting TQQQ price | TQQQ will decline at least -2.84% in a week (0% probabilities). UUP(-33%) TLT(-15%) VXX(-11%) VIXM(-9%) BWX(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.84% (StdDev 5.68%) |
Hourly BBV | 0 () |
Intraday Trend | 4% |
| |
|
|