Trading Signals: QQQ Stock Price Prediction and Forecast

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Thu. Apr. 29, 2010

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

(PowerShares QQQ ETF)
QQQ latest price $50.2300 (1.74%) ($49.6100 - $50.3300) on Thu. Apr. 29, 2010.

Trend Analysis and Forecast

Average Daily Percentage Swing   0.79% (three month average)
RSI   64
Latest Price   $50.2300(1.74%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Weekly Trend   QQQ advances 0.5% 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)
SPY(92%)    XLK(92%)    XLY(84%)    IWM(79%)    EEM(73%)
Factors Impacting QQQ price   QQQ will decline at least -0.395% in a week (0% probabilities).
TLT(-26%)    SHY(-11%)    TIP(-5%)    IGOV(3%)    GLD(4%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.395% (StdDev 0.79%)
Hourly BBV 0 ()
Intraday Trend 1.2%

5 Day Moving Average   $49.97(0.52%)
10 Day Moving Average   $49.9(0.66%)
20 Day Moving Average   $49.5(1.47%)
To recent high   -0.6%
To recent low   17.9%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   1.1
One Month Target Price   > $50.23
(if BBV positive, VIX trend negative.)
Correction Price   < $48.25

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

$. The price is -0.6% 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 -10% away from the target price of 50.23.
$. QQQ price fluctuates within 1.35% (three month std-dev: 0.79%) daily (68% of days).

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