| TQQQ latest price $33.3700 (5.5%) ($33.3700 - $33.6500) on Fri. Jul. 29, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.85% (three month average) |
RSI | 71 |
Latest Price | $33.3700(5.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 2.6% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 8.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) VUG(98%) XLK(96%) VT(89%) XLY(88%) XLC(87%) |
Factors Impacting TQQQ price | TQQQ will decline at least -3.425% in a week (0% probabilities). VIXM(-57%) UUP(-42%) TBT(-17%) VXX(-16%) EDOC(-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 | -3.425% (StdDev 6.85%) |
Hourly BBV | 1.6 () |
Intraday Trend | 0% |
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