Trading Signals: QQQ Stock Price Prediction and Forecast

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Wed. Jul. 11, 2007

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

(PowerShares QQQ ETF)
QQQ latest price $48.8100 (0.68%) ($48.3200 - $48.8100) on Wed. Jul. 11, 2007.

Trend Analysis and Forecast

Average Daily Percentage Swing   0.72% (three month average)
RSI   67
Latest Price   $48.8100(0.68%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   QQQ advances 0.2% a day on average for past five trading days.
Weekly Trend   QQQ advances 1.6% 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)
SPY(92%)    XLK(92%)    XLY(84%)    IWM(82%)    EEM(77%)
Factors Impacting QQQ price   QQQ will decline at least -0.36% in a week (0% probabilities).
TLT(-29%)    SHY(-22%)    TIP(-12%)    GLD(3%)    LQD(17%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.36% (StdDev 0.72%)
Hourly BBV 0 ()
Intraday Trend 0.9%

5 Day Moving Average   $48.74(0.14%)
10 Day Moving Average   $48.3(1.06%)
20 Day Moving Average   $47.86(1.98%)
To recent high   -0.2%
To recent low   10.4%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   1.5
One Month Target Price   > $48.81
(if BBV positive, VIX trend negative.)
Correction Price   < $47.05

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

$. The price is -0.2% 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 -3.2% away from the target price of 48.81.
$. QQQ price fluctuates within 1.3% (three month std-dev: 0.72%) daily (68% of days).

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