| TQQQ latest price $36.0450 (-5.95%) ($36.0150 - $39.0650) on Tue. May. 12, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 10.96% (three month average) |
RSI | 64 |
Latest Price | $36.0450(-5.95%) |
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 7.1% 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) XLK(16%) IWF(15%) VUG(15%) QQQ(14%) VFMO(14%) |
Factors Impacting TQQQ price | TQQQ will decline at least -5.48% in a week (0% probabilities). VIXM(-9%) UNG(-6%) VXX(-2%) IGOV(-2%) XOP(0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -5.48% (StdDev 10.96%) |
Hourly BBV | -0.9 () |
Intraday Trend | -6.9% |
| |
|
|