| TQQQ latest price $39.8500 (-1.1%) ($39.7950 - $39.8500) on Fri. Jul. 7, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.16% (three month average) |
RSI | 43 |
Latest Price | $39.8500(-1.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 0.4% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 0.7% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) IWF(98%) VUG(98%) IVW(96%) XLK(95%) SPY(92%) |
Factors Impacting TQQQ price | TQQQ will decline at least -1.58% in a week (0% probabilities). VXX(-67%) VIXM(-63%) UUP(-31%) TBT(-30%) EDOC(-29%) |
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 | -1.58% (StdDev 3.16%) |
Hourly BBV | -0.3 () |
Intraday Trend | 0% |
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