Trading Signals: QQQ Stock Price Prediction and Forecast

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Fri. Jul. 8, 2016

Trading Signals: QQQ Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Tue. May. 28, 2024)

(PowerShares QQQ ETF)
QQQ latest price $110.3000 (1.55%) ($109.0200 - $110.3600) on Fri. Jul. 8, 2016.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.01% (three month average)
RSI   59
Latest Price   $110.3000(1.55%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   QQQ advances 0.5% a day on average for past five trading days.
Weekly Trend   QQQ advances 0.7% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support QQQ advance at 0% a week (0% probability)
IVW(97%)    IWF(97%)    SPY(91%)    VUG(90%)    XLK(89%)
Factors Impacting QQQ price   QQQ will decline at least -0.505% in a week (0% probabilities).
VIXM(-21%)    UUP(-12%)    TLT(-11%)    IPO(-7%)    SHY(-4%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.505% (StdDev 1.01%)
Hourly BBV 0 ()
Intraday Trend 1%

5 Day Moving Average   $108.54(1.62%)
10 Day Moving Average   $106.89(3.19%)
20 Day Moving Average   $107.27(2.82%)
To recent high   -0.8%
To recent low   7.9%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   1.7
One Month Target Price   > $112.73
(if BBV positive, VIX trend negative.)
Correction Price   < $107.04

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

$. The price is -0.8% 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 2.2% away from the target price of 112.73.
$. QQQ price fluctuates within 1.66% (three month std-dev: 1.01%) daily (68% of days).

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