| TQQQ latest price $56.6000 (2.12%) ($51.6950 - $56.8600) on Tue. Jul. 14, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.54% (three month average) |
RSI | 62 |
Latest Price | $56.6000(2.12%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 0.8% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 10% 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(13%) VUG(12%) ARKK(11%) IWF(11%) ARKG(10%) |
Factors Impacting TQQQ price | TQQQ will decline at least -2.27% in a week (0% probabilities). UNG(-7%) XOP(-4%) XLE(-4%) OIH(-4%) VIXM(-3%) |
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 | -2.27% (StdDev 4.54%) |
Hourly BBV | -0.8 () |
Intraday Trend | 5.2% |
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