| TQQQ latest price $85.9950 (0.92%) ($83.3050 - $86.3400) on Tue. Dec. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.72% (three month average) |
RSI | 80 |
Latest Price | $85.9950(0.92%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 0.9% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 7.6% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) SHY(6%) UUP(5%) ARKG(4%) ACES(3%) ARKK(3%) |
Factors Impacting TQQQ price | TQQQ will decline at least -2.36% in a week (0% probabilities). UNG(-8%) XLE(-7%) XOP(-6%) OIH(-6%) EWJ(-6%) |
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 | -2.36% (StdDev 4.72%) |
Hourly BBV | 1.8 () |
Intraday Trend | 1.4% |
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