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     Fri. Jul. 31, 2020



Trading Signals: QQQ Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Fri. Oct. 23, 2020)

(PowerShares QQQ ETF)

QQQ latest price $265.8000 (1.75%) ($260.8500 - $265.9500) on Fri. Jul. 31, 2020.

Trend and Trading Plan

Trend Narrative  Growing Uptrend
Intraday Reversal Probability  There's a high probability the price will reverse sharply to downside intraday or next day..
Daily Trend  QQQ advances 0.8% a day on average for past five trading days.
Weekly Trend  QQQ advances 0.2% a week on average for past two weeks.
Market Behavior  Growth stock rally for large cap. Broad based sell-off for small cap.
Correlated ETFs  Broad market will support QQQ advance at 0.6% a week (98% probability)
  IWF(98%)    VUG(98%)    IVW(97%)    XLK(97%)    SPY(86%)  
Factors Impacting QQQ price  QQQ will advance at least 0.7% in a week (47% probabilities).
  VXX(-61%)    VIXM(-59%)    UUP(-32%)    TLT(-22%)    SHY(-15%)  
Explanation   The rally is sustainable and supported by the broad market.
Trading Plan  Not Available
 
Valuation to SPY   0.2
 
Relative Volatility   -2.1 (options are extremely cheap)
 
Hourly BBV   2.7
Hourly Trend   0.74% [$262.39(2.52), $260.46(1.33)]
Last Hour Trend   0.35% [$263.9, $262.97]


QQQ Next 1 - 5 Day Price Forecast

Bullish Probability  94%
Bullish Price Move  1.4%
Bearish Probability  6%
Bearish Price Move  -1.4%
Recommended Position Size  63%
Latest Price  $265.8000
Next Day Open Price  $267.66(0.7%)
1 - 3 Day Target Price  $266.23(0.16%)
1 - 5 Day Price Range  $264.78 - $266.58
Support Level  $260.65
5 Day Moving Average  $260.76(1.93%)
10 Day Moving Average  $261.26(1.74%)
20 Day Moving Average  $260.65(1.98%)
To recent high  -0.4%
To recent low  25%
Market Cap  $N/A
 
Option Sentiment  
 
Advance Ratio  43%
Stage of the Market  Normal
 
Average Volume  39.12 million
BBV (position on Bollinger band)  0
One Month Target Price  > $265.8
(if BBV positive, VIX trend negative.)
Correction Price  < $247.73
One Year Target Price   $339.8 (27.84%)
 


  
 
Short-term volatility trend  Equity Bullish (-1)
Mid-term volatility trend  Equity Bullish (-0.4)
Risk Appetite  Risk Off (-11)
Fed Balance Sheet  6.949 T (Wed. Jul. 29, 2020) Reduction
Fed Fund Rate  1.58% (Wed. Feb. 12, 2020) No Change
Yield Curve  Worsening (-4)
Credit Spread  Improving (19)
 



$. Technical analysis works only if the market conditions in the future are not drastically different from the past. Always read market news to understand the causes of the price movement before making a trading decision. News

$. The price is -0.4% 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 -11.4% away from the target price of 265.8.
$. QQQ price fluctuates within 1.18% (three month std-dev: 1.36%    one year average std_dev: 0%) daily (68% of days).
$. QQQ price fluctuates within 0% weekly (one year average std_dev: %).

Analysis   News   Options   Weekly Chart   Daily Chart   2 Month Daily Chart   

  >  20200831

iDateTo High-Lowema20
Trend
ema10
Trend
ema5
Trend
Hourly
Trend
Last
Hour
EMA
Ratio
BBVHourly
BBV
RVVSIVVIXCDVolume
millions
CloseActualPriceRangeTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeRSI
1Jul_31_2020-0.4%-25% 1.3%,1.1(0.1)0.2%,0.2(0.5)0.8%,0.71.80.35%0.2%1.72.70.20.91.22%1.753.53   265.8(1.75%)260.85-265.95Growing Uptrend 266.23(0.16%)264.78-266.5859
2Jul_30_2020-2.1%-22.9% 1.2%,0.9(-0)-0.4%,-0.3(0.2)0.2%,0.20.60.04%0.2%0.40.9-0.50.92.03%1.740.78   261.22(0.53%)256.55-261.71Growing Uptrend 261.3(0.03%)260.97-261.3946
3Jul_29_2020-2.6%-22.2% 1.2%,0.8(-0.1)-0.7%,-0.4(-0.2)-0.4%,-0.30.60.13%0.3%0.10.2-1.11.11.59%1.927.83   259.84(1.18%)257.91-260.66Correction 259.63(-0.08%)259.45-259.8448
4Jul_28_2020-3.7%-21.4% 1.3%,0.7(-0.1)-0.4%,-0.2(-0.2)-0.6%,-0.30.3-0.24%0.6%-0.4-0.8-1.11.31.68%1.831.13   256.82(-1.27%)256.51-259.85Correction 255.36(-0.57%)254.95-257.0548
5Jul_27_2020-2.5%-23% 1.5%,0.6(-0)0%,0(-0.1)-0.5%,-0.2-1.20.23%1%0.3-0.2-0.71.61.61%1.835.99   260.12(1.79%)256.45-260.52Uptrend Consolidation 259.55(-0.22%)259.23-260.5156
 
6Jul_24_2020-4.2%-20.8% 1.6%,0.6(-0.1)0.3%,0.1(-0.2)-0.3%,-0.1-1.80.15%1.3%-0.3-1.3-1.41.91.47%1.554.47   255.54(-0.98%)251.32-256.93Uptrend Consolidation 256.31(0.3%)256.24-256.4748
7Jul_23_2020-3.3%-22.9% 1.7%,0.6(-0)0.9%,0.3(-0.2)-0.1%,-0-0.6-0.4%1.8%0.1-1.1-1.121.6%1.450.63   258.06(-2.6%)256.55-265.24Uptrend Consolidation 258.21(0.06%)257.69-259.859
8Jul_22_2020-0.7%-26.2% 1.7%,0.6(-0)1.4%,0.4(-0.1)0.3%,0.10.60.04%2.2%1.11.402.21.43%1.729.61   264.96(0.36%)262.55-265.89Uptrend Consolidation 262.81(-0.81%)261.28-267.4270
9Jul_21_2020-1%-28.2% 1.8%,0.6(-0)1.7%,0.5(-0.1)0.3%,0.11.20%2.4%1.11.60.22.11.78%1.743.21   264(-1.05%)263.13-268.42Uptrend Consolidation 261.97(-0.77%)260.38-266.6872
10Jul_20_20200%-29.6% 1.9%,0.6(0)2.1%,0.7(-0.1)0.6%,0.20.60.32%2.4%1.61.61.12.11.61%2.140.15   266.8(2.85%)258.79-267.43Uptrend Consolidation 263.97(-1.06%)261.96-270.0379
 
11Jul_17_2020-1.8%-26% 1.9%,0.6(-0.1)2.4%,0.8(-0.2)-0.4%,-0.1-0.30.14%2.6%0.8-0.4-0.121.54%237.37   259.4(0.18%)257.17-260.31Uptrend Consolidation 258.15(-0.48%)256.74-262.4478
12Jul_16_2020-1.9%-25.8% 2.2%,0.7(-0)2.9%,1(-0.2)-0.3%,-0.1-00.06%2.6%0.8-0.50.121.35%1.847.32   258.94(-0.74%)255.62-259.78Uptrend Consolidation 257.83(-0.43%)256.25-262.5366
13Jul_15_2020-1.2%-26.7% 2.2%,0.7(-0)3.4%,1.1(0)0.1%,0-0.60.07%2.6%1.200.42.11.73%1.854.73   260.88(0.16%)257.49-262.69Uptrend 264.69(1.46%)258.92-267.1670
14Jul_14_2020-1.4%-26.5% 2.2%,0.8(0)3.4%,1.1(0.1)0.3%,0.1-0.30.17%2.5%1.3-0.20.821.85%1.371.77   260.46(0.78%)252.76-260.79Uptrend 264.24(1.45%)258.52-266.6862
15Jul_13_2020-2.1%-27.3% 2.1%,0.7(0)3.1%,1(0)0%,00.3-1.03%2.2%1.1-0.8122.03%163.57   258.45(-2.12%)257.69-269.79Uptrend 261.76(1.28%)256.69-263.9262
 
16Jul_10_20200%-30.1% 2.1%,0.7(0.1)3.1%,1(0.1)0.9%,0.30.60.16%2%1.92.41.82.11.53%1.332.92   264.05(0.72%)259.26-264.21Overbought 259.06(-1.89%)251.57-270.2970
17Jul_9_20200%-30.5% 1.8%,0.6(0)2.7%,0.9(0.2)0.9%,0.30.30.18%1.9%21.61.821.4%140.89   262.16(0.85%)257.63-262.87Growing Uptrend 266.04(1.48%)259.15-267.7869
18Jul_8_20200%-29.9% 1.8%,0.6(0)2.2%,0.8(0.1)1%,0.40.60.09%1.5%21.21.21.81.39%1.130.21   259.96(1.32%)256.5-260.02Overbought 255.28(-1.8%)249.34-264.2169
19Jul_7_2020-0.7%-31.1% 1.6%,0.7(0.1)1.9%,0.8(0.1)1.1%,0.51.8-0.23%1.4%1.90.80.91.61.41%136.75   256.58(-0.73%)256.3-260.88Growing Uptrend 258.89(0.9%)254.41-259.9967
20Jul_6_20200%-32.1% 1.5%,0.7(0.1)1.6%,0.7(0.2)1.5%,0.72.1-0.02%1.3%2.51.50.81.41.4%1.134.24   258.47(2.5%)255.43-258.93Growing Uptrend 260.2(0.67%)255.77-261.3173
 
21Jul_2_20200%-37.4% 1.2%,0.6(0)1.1%,0.6(-0.1)0.5%,0.32.4-0.04%1%1.81.40.61.11.16%1.232.11   252.16(0.69%)251.72-254.27Uptrend 252.66(0.2%)250.46-253.6272
22Jul_1_20200%-37.4% 1.2%,0.6(0)1.2%,0.7(0.2)0.6%,0.32.10.1%1%1.71.80.511.27%0.934.52   250.43(1.29%)247.08-251.52Growing Uptrend 251.23(0.32%)248.95-251.873
23Jun_30_2020-0.6%-35.6% 1.1%,0.6(-0.1)0.8%,0.5(-0)-0.1%,-0.10.30.18%1%1.20.80.311.35%0.438.58   247.24(1.83%)242.58-248.16Uptrend 247.51(0.11%)246.15-248.1150
24Jun_29_2020-2.4%-33.2% 1.3%,0.7(-0.1)0.9%,0.5(-0.1)-0.3%,-0.2-0.9-0.07%1.1%0.3-0.50.211.51%0.434.44   242.79(1.11%)237.35-242.85Uptrend 243.3(0.21%)242.46-243.6750
25Jun_26_2020-3.4%-31.7% 1.5%,0.8(-0.1)1%,0.5(-0)-0.3%,-0.2-1.2-0.24%1.1%-0.2-20.411.67%0.153.01   240.13(-2.39%)239.68-245.96Uptrend 240.97(0.35%)240.25-241.350
iDateTo High-Lowema20
Trend
ema10
Trend
ema5
Trend
Hourly
Trend
Last
Hour
EMA
Ratio
BBVHourly
BBV
RVVSIVVIXCDVolume
millions
Close  5 Day
Target  
Trend
Narrative
  5 Day
Price Change  
SRIRSI
Click to see actual return for next trading day.
 
 
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