| SQQQ latest price $44.5500 (-2.3%) ($41.9000 - $47.0000) on Fri. Jun. 12, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 8.93% (three month average) |
RSI | 38 |
Latest Price | $44.5500(-2.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 0.6% a day on average for past five trading days. |
Weekly Trend | SQQQ declines -6.5% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SQQQ advance at 0% a week (0% probability) VIXM(19%) UUP(8%) VXX(7%) TLT(2%) IYT(-1%) |
Factors Impacting SQQQ price | SQQQ will decline at least -4.465% in a week (0% probabilities). QQQ(-35%) IWF(-35%) IVW(-35%) VUG(-31%) SPY(-31%) |
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 | -4.465% (StdDev 8.93%) |
Hourly BBV | 1.1 () |
Intraday Trend | 4.5% |
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