| TQQQ latest price $73.6500 (2.33%) ($71.0350 - $73.7250) on Tue. Aug. 25, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.95% (three month average) |
RSI | 68 |
Latest Price | $73.6500(2.33%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 1.7% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 6.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) EDOC(13%) XLK(11%) VUG(10%) ARKG(9%) ARKK(9%) |
Factors Impacting TQQQ price | TQQQ will decline at least -1.975% in a week (0% probabilities). UNG(-7%) XOP(-4%) XLE(-4%) OIH(-4%) VIXM(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.975% (StdDev 3.95%) |
Hourly BBV | 1.7 () |
Intraday Trend | 3.1% |
| |
|
|