| TQQQ latest price $47.0250 (0.77%) ($46.0200 - $47.1800) on Thu. Jun. 18, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.73% (three month average) |
RSI | 65 |
Latest Price | $47.0250(0.77%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 2.5% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 3.1% 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(15%) VUG(14%) IWF(13%) QQQ(13%) VFMO(13%) |
Factors Impacting TQQQ price | TQQQ will decline at least -3.365% in a week (0% probabilities). VIXM(-7%) UNG(-7%) XOP(-2%) XLE(-2%) IGOV(-2%) |
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 | -3.365% (StdDev 6.73%) |
Hourly BBV | -0.3 () |
Intraday Trend | 1.2% |
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