| QQQ latest price $308.2500 (0.4%) ($308.2500 - $308.2500) on Tue. Dec. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.59% (three month average) |
RSI | 81 |
Latest Price | $308.2500(0.4%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | QQQ advances 0.3% 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 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(93%) FIVG(89%) DRIV(82%) |
Factors Impacting QQQ price | QQQ will decline at least -0.795% in a week (0% probabilities). VIXM(-48%) UUP(-25%) VXX(-16%) TBT(-7%) EDOC(5%) |
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 | -0.795% (StdDev 1.59%) |
Hourly BBV | 1.8 () |
Intraday Trend | 0% |
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