| QQQ latest price $294.2600 (2.62%) ($292.0000 - $295.3900) on Thu. Nov. 5, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.84% (three month average) |
RSI | 53 |
Latest Price | $294.2600(2.62%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | QQQ advances 1.3% a day on average for past five trading days. |
Weekly Trend | QQQ declines -0.9% 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(89%) VUG(83%) |
Factors Impacting QQQ price | QQQ will decline at least -0.92% in a week (0% probabilities). VIXM(-49%) UUP(-26%) VXX(-17%) TBT(-8%) EDOC(-8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.92% (StdDev 1.84%) |
Hourly BBV | 1.1 () |
Intraday Trend | 0% |
| |
|
|