Trading Signals: QQQ Stock Price Prediction and Forecast

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Mon. Jul. 25, 2005

Trading Signals: QQQ Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Fri. Jun. 14, 2024)

(PowerShares QQQ ETF)
QQQ latest price $39.2700 (-0.38%) ($39.2000 - $39.6300) on Mon. Jul. 25, 2005.

Trend Analysis and Forecast

Average Daily Percentage Swing   0.69% (three month average)
RSI   84
Latest Price   $39.2700(-0.38%)
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 2.5% 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 -0.345% 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   -0.345% (StdDev 0.69%)
Hourly BBV 0 ()
Intraday Trend -0.5%

5 Day Moving Average   $39.36(-0.23%)
10 Day Moving Average   $39.01(0.67%)
20 Day Moving Average   $38.13(2.99%)
To recent high   -0.5%
To recent low   13%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   1.1
One Month Target Price   > $39.27
(if BBV positive, VIX trend negative.)
Correction Price   < $37.92

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

$. The price is -0.5% 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 -6.1% away from the target price of 39.27.
$. QQQ price fluctuates within 2.65% (three month std-dev: 0.69%) daily (68% of days).

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