| TQQQ latest price $44.1850 (-2.72%) ($43.6200 - $45.0000) on Fri. Jan. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.95% (three month average) |
RSI | 79 |
Latest Price | $44.1850(-2.72%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 0.1% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 4% 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 TQQQ advance at 0% a week (0% probability) DIA(41%) XLK(41%) IWF(40%) SPLV(40%) SPY(40%) |
Factors Impacting TQQQ price | TQQQ will decline at least -0.975% in a week (0% probabilities). VIXM(-30%) TLT(-13%) VXX(-12%) BWX(-4%) UNG(-1%) |
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 | -0.975% (StdDev 1.95%) |
Hourly BBV | 0.4 () |
Intraday Trend | 1.2% |
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