Trading Signals: QQQ Stock Price Prediction and Forecast

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Mon. Jul. 18, 2005

Trading Signals: QQQ Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Mon. Jun. 17, 2024)

(PowerShares QQQ ETF)
QQQ latest price $38.7300 (-0.41%) ($38.6900 - $38.8900) on Mon. Jul. 18, 2005.

Trend Analysis and Forecast

Average Daily Percentage Swing   0.79% (three month average)
RSI   77
Latest Price   $38.7300(-0.41%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   QQQ advances 0.3% a day on average for past five trading days.
Weekly Trend   QQQ advances 2.4% a week on average for past two weeks.
Market Behavior   Normal for large cap. Normal for small cap.
Correlated ETFs   Broad market will support QQQ advance at 0% a week (0% probability)
XLK(92%)    SPY(91%)    XLY(84%)    IWM(82%)    EEM(76%)
Factors Impacting QQQ price   QQQ will decline at least -0.395% in a week (0% probabilities).
TLT(-28%)    SHY(-20%)    TIP(-11%)    REMX(-1%)    GLD(4%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.395% (StdDev 0.79%)
Hourly BBV 0 ()
Intraday Trend -0.1%

5 Day Moving Average   $38.62(0.28%)
10 Day Moving Average   $38.05(1.79%)
20 Day Moving Average   $37.65(2.87%)
To recent high   -0.4%
To recent low   11.6%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   1.5
One Month Target Price   > $38.73
(if BBV positive, VIX trend negative.)
Correction Price   < $37.2

Fed Fund Rate   % ()
Yield Curve    (0)
Credit Spread    (0)

$. The price is -0.4% to new high. In the past, the price will move at least 10% above the recent low once it hits new high. Now it's -3.7% away from the target price of 38.73.
$. QQQ price fluctuates within 1.86% (three month std-dev: 0.79%) daily (68% of days).

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