| QQQ latest price $292.5100 (0.54%) ($290.9300 - $293.1800) on Fri. Aug. 28, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.34% (three month average) |
RSI | 77 |
Latest Price | $292.5100(0.54%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | QQQ advances 0.7% a day on average for past five trading days. |
Weekly Trend | QQQ advances 3.4% 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) IWF(98%) IVW(97%) SPY(92%) FIVG(88%) VUG(84%) |
Factors Impacting QQQ price | QQQ will decline at least -0.67% in a week (0% probabilities). VIXM(-48%) UUP(-26%) VXX(-17%) TBT(-7%) EDOC(-4%) |
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 | -0.67% (StdDev 1.34%) |
Hourly BBV | 0.9 () |
Intraday Trend | 0% |
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