| TQQQ latest price $39.6100 (0.9%) ($38.5250 - $39.7450) on Fri. May. 22, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 10.83% (three month average) |
RSI | 72 |
Latest Price | $39.6100(0.9%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 1.7% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 6.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) XLK(16%) VUG(15%) IWF(14%) ARKG(13%) ARKK(13%) |
Factors Impacting TQQQ price | TQQQ will decline at least -5.415% in a week (0% probabilities). VIXM(-8%) UNG(-7%) VXX(-2%) UUP(-1%) IGOV(-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 | -5.415% (StdDev 10.83%) |
Hourly BBV | -0.6 () |
Intraday Trend | 1.4% |
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