| SQQQ latest price $1723.2000 (5.85%) ($1662.3900 - $1748.0000) on Mon. Jun. 27, 2016. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.87% (three month average) |
RSI | 79 |
Latest Price | $1723.2000(5.85%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 2.7% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 4.4% 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(11%) TLT(8%) UUP(7%) IPO(1%) GDXJ(-0%) |
Factors Impacting SQQQ price | SQQQ will decline at least -1.435% in a week (0% probabilities). QQQ(-43%) IWF(-43%) IVW(-42%) VUG(-40%) XLK(-39%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.435% (StdDev 2.87%) |
Hourly BBV | 0 () |
Intraday Trend | 3.6% |
| |
|
|