| QQQ latest price $246.1600 (1.23%) ($244.5100 - $247.8150) on Wed. Jun. 10, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.95% (three month average) |
RSI | 77 |
Latest Price | $246.1600(1.23%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | QQQ advances 0.8% 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 | Value stocks sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support QQQ advance at 0% a week (0% probability) IWF(98%) IVW(97%) SPY(91%) FIVG(88%) VUG(84%) |
Factors Impacting QQQ price | QQQ will decline at least -1.475% in a week (0% probabilities). VIXM(-50%) UUP(-27%) VXX(-19%) TBT(-5%) IYT(1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.475% (StdDev 2.95%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0% |
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