| TQQQ latest price $38.5550 (5.79%) ($37.6100 - $39.1000) on Mon. May. 18, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 10.92% (three month average) |
RSI | 69 |
Latest Price | $38.5550(5.79%) |
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 4.4% 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(16%) VUG(15%) IWF(14%) VFMO(14%) ARKG(13%) |
Factors Impacting TQQQ price | TQQQ will decline at least -5.46% 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 | -5.46% (StdDev 10.92%) |
Hourly BBV | 1.4 () |
Intraday Trend | 1.5% |
| |
|
|