| SQQQ latest price $132.3500 (-0.26%) ($131.4000 - $134.5300) on Fri. Nov. 22, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.63% (three month average) |
RSI | 37 |
Latest Price | $132.3500(-0.26%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 0.3% a day on average for past five trading days. |
Weekly Trend | SQQQ declines -1.4% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SQQQ advance at 0% a week (0% probability) VIXM(23%) VXX(11%) TLT(6%) UUP(4%) IGOV(-3%) |
Factors Impacting SQQQ price | SQQQ will decline at least -1.315% in a week (0% probabilities). QQQ(-39%) IWF(-39%) IVW(-39%) VUG(-36%) XLK(-35%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.315% (StdDev 2.63%) |
Hourly BBV | 0 () |
Intraday Trend | 0.6% |
| |
|
|