| SQQQ latest price $197.4000 (1.13%) ($194.0000 - $198.4000) on Wed. May. 22, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.73% (three month average) |
RSI | 62 |
Latest Price | $197.4000(1.13%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 0.6% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 4.2% a week on average for past two weeks. |
Market Behavior | Value stocks 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(12%) TLT(7%) UUP(4%) IFRA(3%) IGOV(-3%) |
Factors Impacting SQQQ price | SQQQ will decline at least -1.365% in a week (0% probabilities). QQQ(-40%) IWF(-39%) IVW(-39%) XLK(-36%) VUG(-36%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.365% (StdDev 2.73%) |
Hourly BBV | 0 () |
Intraday Trend | -0.5% |
| |
|
|