| SQQQ latest price $2221.6000 (8.73%) ($2065.6000 - $2234.4000) on Mon. Sep. 28, 2015. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.42% (three month average) |
RSI | 66 |
Latest Price | $2221.6000(8.73%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 3.4% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 2.8% 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 SQQQ advance at 0% a week (0% probability) VIXM(13%) TLT(8%) UUP(6%) GDXJ(-0%) SHY(-0%) |
Factors Impacting SQQQ price | SQQQ will decline at least -2.71% in a week (0% probabilities). QQQ(-44%) IWF(-43%) VUG(-41%) XLK(-40%) SPY(-40%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.71% (StdDev 5.42%) |
Hourly BBV | 0 () |
Intraday Trend | 7.4% |
| |
|
|