| TQQQ latest price $77.6550 (-0.91%) ($75.7900 - $79.9350) on Thu. Aug. 27, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.01% (three month average) |
RSI | 74 |
Latest Price | $77.6550(-0.91%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 2.3% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 9.4% 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) EDOC(13%) XLK(11%) VUG(10%) ARKG(9%) ARKK(9%) |
Factors Impacting TQQQ price | TQQQ will decline at least -2.005% in a week (0% probabilities). UNG(-7%) XOP(-4%) XLE(-4%) OIH(-4%) EWJ(-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 | -2.005% (StdDev 4.01%) |
Hourly BBV | 0.9 () |
Intraday Trend | -2.1% |
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