| TQQQ latest price $60.6800 (8.51%) ($55.5450 - $61.1150) on Mon. Jul. 20, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.55% (three month average) |
RSI | 80 |
Latest Price | $60.6800(8.51%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 1.9% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 5.8% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Value stock sell-off 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 -2.275% 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 | -2.275% (StdDev 4.55%) |
Hourly BBV | 2.2 () |
Intraday Trend | 7.6% |
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