| SQQQ latest price $1585.6000 (6.27%) ($1585.6000 - $1646.4000) on Mon. Jan. 4, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.17% (three month average) |
RSI | 50 |
Latest Price | $1585.6000(6.27%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 1.6% a day on average for past five trading days. |
Weekly Trend | SQQQ declines -0.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SQQQ advance at 0% a week (0% probability) VIXM(12%) TLT(8%) UUP(7%) GDXJ(0%) SHY(-1%) |
Factors Impacting SQQQ price | SQQQ will decline at least -1.585% in a week (0% probabilities). QQQ(-43%) IWF(-43%) IVW(-43%) XLK(-40%) VUG(-40%) |
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 | -1.585% (StdDev 3.17%) |
Hourly BBV | 0 () |
Intraday Trend | -0.8% |
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