| TQQQ latest price $63.5050 (7.48%) ($60.5500 - $64.1800) on Wed. Aug. 12, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.1% (three month average) |
RSI | 66 |
Latest Price | $63.5050(7.48%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 0.1% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 6.8% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) EDOC(14%) VUG(11%) XLK(11%) ARKG(10%) ARKK(10%) |
Factors Impacting TQQQ price | TQQQ will decline at least -2.05% in a week (0% probabilities). UNG(-7%) XOP(-4%) XLE(-4%) OIH(-4%) XLC(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.05% (StdDev 4.1%) |
Hourly BBV | 1.4 () |
Intraday Trend | 4.9% |
| |
|
|