Trading Signals: QQQ Stock Price Prediction and Forecast

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Wed. Feb. 22, 2012

Trading Signals: QQQ Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Tue. Jun. 18, 2024)

(PowerShares QQQ ETF)
QQQ latest price $63.3200 (-0.46%) ($63.2300 - $63.6800) on Wed. Feb. 22, 2012.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.1% (three month average)
RSI   74
Latest Price   $63.3200(-0.46%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Weekly Trend   QQQ advances 1.3% 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(91%)    XLY(83%)    IWM(77%)    EEM(71%)
Factors Impacting QQQ price   QQQ will decline at least -0.55% in a week (0% probabilities).
TLT(-19%)    SHY(-8%)    IGOV(-3%)    TIP(0%)    GLD(4%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.55% (StdDev 1.1%)
Hourly BBV 0 ()
Intraday Trend -0.3%

5 Day Moving Average   $63.35(-0.05%)
10 Day Moving Average   $63.11(0.33%)
20 Day Moving Average   $62.14(1.9%)
To recent high   -0.5%
To recent low   19.7%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   1
One Month Target Price   > $63.32
(if BBV positive, VIX trend negative.)
Correction Price   < $59.84

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 -8.7% away from the target price of 63.32.
$. QQQ price fluctuates within 1.9% (three month std-dev: 1.1%) daily (68% of days).

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