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     Fri. Sep. 18, 2020



Trading Signals: QQQ Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Fri. Sep. 18, 2020)

(PowerShares QQQ ETF)

QQQ latest price $266.7100 (-1.38%) ($262.6300 - $272.0900) on Fri. Sep. 18, 2020.

Trend and Trading Plan

Trend Narrative  Downtrend
Intraday Reversal Probability  N/A.
Daily Trend  QQQ declines -0.3% a day on average for past five trading days.
Weekly Trend  QQQ declines -3.8% a week on average for past two weeks.
Market Behavior  Broad based sell-off for large cap. Value stock sell-off for small cap.
Correlated ETFs  Broad market will support QQQ decline at-1.6% a week (99% probability)
  IWF(99%)    VUG(99%)    IVW(98%)    XLK(97%)    SPY(88%)  
Factors Impacting QQQ price  QQQ will advance at least 0.1% in a week (40% probabilities).
  VXX(-51%)    VIXM(-48%)    UUP(-34%)    SHY(-24%)    BJK(-23%)  
Explanation   The decline is not sustainable and not supported by the broad market.
Trading Plan  Not Available
 
Valuation to SPY   -1.4
 
Relative Volatility   1.2 (options are expensive)
 
Hourly Trend   -1.63% [$268.51(-4.41), $272.95(-2.01)]
Last Hour Trend   0.31% [$266.34, $265.51]


QQQ Next 1 - 5 Day Price Forecast

Bullish Probability  20%
Bullish Price Move  1.6%
Bearish Probability  80%
Bearish Price Move  -1.6%
Recommended Position Size  -38%
Latest Price  $266.7100
Next Day Open Price  $268.36(0.62%)
1 - 3 Day Target Price  $263.16(-1.33%)
1 - 5 Day Price Range  $260.38 - $269.63
Resistance Level  $282.15
5 Day Moving Average  $273.12(-2.35%)
10 Day Moving Average  $273.85(-2.61%)
20 Day Moving Average  $282.15(-5.47%)
To recent high  -11.9%
To recent low  11.1%
Market Cap  $N/A
 
Option Sentiment  
 
Advance Ratio  19%
Stage of the Market  Normal
 
One Year Target Price   $295.73 (10.88%)
 


  
 
Short-term volatility trend  Equity Bullish (-1.7)
Mid-term volatility trend  Equity Bullish (-0.4)
Risk Appetite  Risk Off (-7)
Fed Balance Sheet  6.99 T (Wed. Aug. 26, 2020) Reduction
Fed Fund Rate  1.58% (Wed. Feb. 12, 2020) No Change
Yield Curve  Improving (3)
Credit Spread  Worsening (-23)
 



$. 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

$. QQQ price fluctuates within 3.65% (three month std-dev: 1.61%    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   Hourly Chart   15 Minute Chart

iDateTo High-Lowema20
Trend
ema10
Trend
ema5
Trend
Hourly
Trend
Last
Hour
EMA
Ratio
BBVRVRVT(RV,IV)VIXCDVolume
millions
CloseActualPriceRangeTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeRSI
1Sep_18_2020-11.9%-11.1% -0.5%,-0.1(-0.1)-3.8%,-1(0)-0.3%,-0.1-1.20.31%-2.9%-1.5-1.41.2(3.65%,NAN%)2.186.02   266.71(-1.38%)262.63-272.09Downtrend 263.16(-1.33%)260.38-269.6335
2Sep_17_2020-10.7%-12.6% -0.3%,-0.1(-0)-3.8%,-1.1(-0.1)-0.1%,-0-0.60.03%-2.5%-1.3-1.60.8(3.41%,1.94%)2.182.42   270.45(-1.44%)266.68-272.37Downtrend 267.26(-1.18%)264.91-272.7638
3Sep_16_2020-9.4%-14.3% -0.2%,-0(-0.1)-3.4%,-1(-0.2)-0.3%,-0.10.6-0.12%-1.6%-1-1.40.6(3.3%,1.92%)1.442.22   274.4(-1.63%)274.25-280.36Downtrend 271.13(-1.19%)268.96-276.2139
4Sep_15_2020-7.9%-16.9% 0.1%,0(0)-2.9%,-0.9(0)0.7%,0.20.6-0.21%-0.8%-0.5-0.60.6(3.25%,1.76%)0.841.68   278.96(1.41%)277.26-280.45Downtrend 276.7(-0.81%)275.33-279.8747
5Sep_14_2020-9.2%-15.2% 0%,0(-0.1)-3%,-0.9(-0.2)-0.6%,-0.2-0.30.02%-0.2%-0.9-1.10.7(3.29%,1.68%)0.839.15   275.08(1.64%)272.96-277.22Correction 263.31(-4.28%)261.48-270.5546
 
6Sep_11_2020-10.6%-15.6% 0.2%,0.1(-0.1)-2.4%,-0.7(-0.3)-1.2%,-0.4-0.30.24%0.4%-1.3-11(3.35%,1.63%)0.172.26   270.64(-0.57%)266.9-275.22Correction 259.65(-4.06%)257.94-266.5645
7Sep_10_2020-10.1%-16.3% 0.5%,0.2(-0.2)-1.4%,-0.4(-0.5)-2.2%,-0.7-0.3-0.85%1.1%-1.2-0.61(3.31%,2.15%)-0.769.28   272.18(-2.08%)270.56-282.2Correction 263.72(-3.11%)262.28-269.4848
8Sep_9_2020-8.2%-18.7% 1.1%,0.3(-0.1)0.2%,0.1(-0.3)-1.5%,-0.5-1.80.03%1.8%-0.6-0.41(3.31%,2.02%)-0.763.92   277.97(2.93%)273-280.05Downtrend Reversal 275.11(-1.03%)274.29-278.4355
9Sep_8_2020-10.8%-15.4% 1.5%,0.4(-0.2)1.3%,0.4(-0.4)-1.7%,-0.5-2.7-0.59%2.3%-1.3-11.5(3.58%,2.26%)-1.296.92   270.07(-4.77%)269.66-278.22Uptrend Consolidation 273.74(1.36%)274.42-271.6848
10Sep_4_2020-6.3%-21.1% 2.1%,0.6(-0.1)2.6%,0.7(-0.2)-0.6%,-0.2-2.10.79%2.8%00.31.8(3.59%,1.76%)-1.1123.16   283.6(-1.28%)271.8-288.93Uptrend Consolidation 284.62(0.36%)283.6-287.6762
 
11Sep_3_2020-5.1%-22.7% 2.4%,0.6(-0.1)3.4%,0.9(-0.1)-0.3%,-0.1-0.3-0.19%3%0.40.62(3.64%,1.96%)-2.4108   287.27(-5.14%)284.41-298.62Uptrend Consolidation 287.5(0.08%)285.7-292.8569
12Sep_2_20200%-29.3% 2.7%,0.7(-0)3.9%,1(0.1)0.7%,0.20.90.15%3.1%21.72.3(3.71%,1.48%)0.250.6   302.82(0.96%)296.89-303.5Uptrend 309.82(2.31%)298.6-314.6391
13Sep_1_20200%-28.1% 2.7%,0.8(0)3.7%,1.1(0)1%,0.30.90.06%2.7%22.12.1(3.39%,1.45%)036.44   299.94(1.66%)295.79-300.04Uptrend 306.27(2.11%)296.13-310.6190
14Aug_31_20200%-26% 2.7%,0.9(0)3.6%,1.2(0.1)0.8%,0.30.60.08%2.5%1.921.7(3.07%,1.48%)0.136   295.04(0.86%)292.62-296.75Uptrend 300.68(1.91%)291.64-304.5592
15Aug_28_20200%-27.3% 2.6%,0.9(0)3.4%,1.2(0.1)0.7%,0.30.60.08%2.3%1.81.51.6(2.91%,1.49%)0.827.96   292.51(0.54%)290.93-293.18Growing Uptrend 298.71(2.12%)289.53-301.0177
 
16Aug_27_2020-0.3%-26.6% 2.6%,0.9(0)3.1%,1.1(0.2)0.8%,0.31.20.21%2%1.81.71.6(2.86%,1.54%)0.749.5   290.94(-0.35%)288.71-293.85Growing Uptrend 296.67(1.97%)288.03-298.8473
17Aug_26_20200%-27.4% 2.5%,0.9(0.1)2.6%,0.9(0.2)1.1%,0.41.20%1.9%2.22.31.7(2.81%,1.54%)1.342.11   291.96(2.13%)286.97-292.22Overbought 286.38(-1.91%)278-298.9468
18Aug_25_20200%-24.7% 2.1%,0.8(0.1)2.1%,0.8(0.2)0.6%,0.20.90.15%1.8%1.71.71.6(2.71%,1.21%)1.636.77   285.86(0.8%)282.37-286.06Growing Uptrend 289.69(1.34%)283.34-291.2868
19Aug_24_20200%-23.7% 1.9%,0.7(0.1)1.6%,0.6(0.1)0.6%,0.20.9-0.11%1.5%1.71.51.4(2.63%,1.27%)1.736.46   283.58(0.6%)281.27-286Growing Uptrend 286.39(0.99%)281.16-287.6867
20Aug_21_20200%-23.2% 1.6%,0.6(0.1)1.4%,0.5(0.1)0.7%,0.30.60.09%1.5%1.62.11.2(2.68%,1.24%)1.733.05   281.88(0.71%)279.46-282.34Uptrend 283.85(0.7%)279.61-285.6667
 
21Aug_20_20200%-22.3% 1.3%,0.5(0.1)1.2%,0.4(-0.1)0.5%,0.20.30.23%1.6%1.51.91(2.63%,1.19%)1.527.59   279.88(1.33%)274.86-280.43Uptrend 281.28(0.5%)277.67-282.8369
22Aug_19_2020-0.6%-21.8% 1.2%,0.5(0)1.4%,0.5(-0.1)0.3%,0.10.9-0.29%1.8%1.21.10.8(2.48%,1.36%)1.632.22   276.2(-0.65%)275.57-279.02Uptrend 277.66(0.53%)274.66-278.9471
23Aug_18_20200%-22.6% 1.2%,0.5(0.1)1.6%,0.7(0)0.9%,0.40.90.08%1.8%1.61.40.6(2.39%,1.22%)1.623.21   278(0.97%)274.91-278.47Uptrend 279.72(0.62%)276.01-281.3275
24Aug_17_20200%-21.4% 1%,0.4(-0)1.5%,0.7(-0.1)0.4%,0.20.30.06%1.8%1.40.70.2(2.21%,1.29%)1.824.88   275.32(1.16%)273.74-275.84Uptrend 276.53(0.44%)273.64-277.7676
25Aug_14_2020-0.9%-22.7% 1%,0.5(0)1.7%,0.8(-0.2)0%,00.9-0.09%1.7%1-0.2-0(2.16%,1.25%)1.830.9   272.16(-0.11%)270.72-273.4Uptrend Consolidation 270.83(-0.49%)269.81-273.9367
iDateTo High-Lowema20
Trend
ema10
Trend
ema5
Trend
Hourly
Trend
Last
Hour
EMA
Ratio
BBVRVRVTVIXCDVolume
millions
Close  5 Day
Target  
Trend
Narrative
  5 Day
Price Change  
SRIRSI
 
 
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