| SQQQ latest price $308.6000 (10.06%) ($279.4000 - $311.0000) on Fri. Dec. 7, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.25% (three month average) |
RSI | 59 |
Latest Price | $308.6000(10.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 2.3% a day on average for past five trading days. |
Weekly Trend | SQQQ declines -4.3% 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(9%) UUP(8%) TLT(7%) VIXM(7%) DIA(3%) |
Factors Impacting SQQQ price | SQQQ will decline at least -2.625% in a week (0% probabilities). QQQ(-40%) IWF(-40%) IVW(-40%) XLK(-37%) VUG(-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 | -2.625% (StdDev 5.25%) |
Hourly BBV | 0 () |
Intraday Trend | 8.5% |
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