| TQQQ latest price $48.2050 (2.65%) ($45.3700 - $48.3600) on Thu. Jun. 25, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.05% (three month average) |
RSI | 59 |
Latest Price | $48.2050(2.65%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 0.5% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 3% 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(14%) VUG(13%) IWF(12%) ARKG(11%) ARKK(11%) |
Factors Impacting TQQQ price | TQQQ will decline at least -3.025% in a week (0% probabilities). UNG(-7%) VIXM(-5%) XOP(-3%) XLE(-3%) OIH(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.025% (StdDev 6.05%) |
Hourly BBV | -0.2 () |
Intraday Trend | 2.7% |
| |
|
|