| TQQQ latest price $62.7200 (1.3%) ($61.1700 - $62.8100) on Tue. Aug. 4, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.01% (three month average) |
RSI | 59 |
Latest Price | $62.7200(1.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 3.1% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 1.9% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) XLK(12%) VUG(11%) ARKG(10%) ARKK(10%) IWF(10%) |
Factors Impacting TQQQ price | TQQQ will decline at least -2.005% in a week (0% probabilities). UNG(-7%) XOP(-4%) XLE(-4%) OIH(-4%) XLC(-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 | -2.005% (StdDev 4.01%) |
Hourly BBV | 0.6 () |
Intraday Trend | 1.7% |
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