| QQQ latest price $299.9400 (1.66%) ($295.7900 - $300.0400) on Tue. Sep. 1, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.35% (three month average) |
RSI | 90 |
Latest Price | $299.9400(1.66%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | QQQ advances 1% a day on average for past five trading days. |
Weekly Trend | QQQ advances 3.7% a week on average for past two weeks. |
Market Behavior | Growth stock 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 -0.675% 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 | -0.675% (StdDev 1.35%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0% |
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