| TQQQ latest price $70.5500 (4.45%) ($68.4800 - $70.6925) on Fri. Oct. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.02% (three month average) |
RSI | 64 |
Latest Price | $70.5500(4.45%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 2.4% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 6.1% a week on average for past two weeks. |
Market Behavior | Growth stock 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(10%) ARKG(7%) ARKK(6%) IBB(6%) SHY(6%) |
Factors Impacting TQQQ price | TQQQ will decline at least -2.51% in a week (0% probabilities). UNG(-8%) XLE(-6%) XOP(-5%) OIH(-5%) DRIV(-5%) |
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 | -2.51% (StdDev 5.02%) |
Hourly BBV | 1.5 () |
Intraday Trend | 2.6% |
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