| SQQQ latest price $118.8000 (14.95%) ($106.4500 - $119.1500) on Thu. Feb. 27, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.62% (three month average) |
RSI | 77 |
Latest Price | $118.8000(14.95%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 7.7% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 10.8% 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(23%) VXX(11%) TLT(6%) UUP(4%) SHY(1%) |
Factors Impacting SQQQ price | SQQQ will decline at least -1.81% in a week (0% probabilities). QQQ(-39%) IWF(-39%) IVW(-38%) XLK(-35%) VUG(-35%) |
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 | -1.81% (StdDev 3.62%) |
Hourly BBV | 2.2 () |
Intraday Trend | 6.8% |
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