| TQQQ latest price $45.1350 (-0.43%) ($45.1350 - $45.1350) on Tue. Aug. 1, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.1% (three month average) |
RSI | 64 |
Latest Price | $45.1350(-0.43%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 0.6% a day on average for past five trading days. |
Market Behavior | Broad based sell-off for large cap. Growth stock sell-off 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(93%) |
Factors Impacting TQQQ price | TQQQ will decline at least -1.55% in a week (0% probabilities). VXX(-71%) VIXM(-67%) UUP(-28%) TBT(-26%) USO(-4%) |
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 | -1.55% (StdDev 3.1%) |
Hourly BBV | 0.2 () |
Intraday Trend | 0% |
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