| SQQQ latest price $278.6000 (13.07%) ($250.2000 - $279.7000) on Wed. Oct. 10, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.77% (three month average) |
RSI | 80 |
Latest Price | $278.6000(13.07%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 4.7% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 5% 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) VXX(10%) TLT(8%) UUP(8%) VIXM(8%) DIA(1%) |
Factors Impacting SQQQ price | SQQQ will decline at least -1.385% in a week (0% probabilities). QQQ(-41%) IWF(-41%) IVW(-41%) VUG(-38%) XLK(-37%) |
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 | -1.385% (StdDev 2.77%) |
Hourly BBV | 0 () |
Intraday Trend | 11.2% |
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