| SQQQ latest price $40.3000 (-1.1%) ($39.3500 - $40.8000) on Wed. Jun. 17, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.79% (three month average) |
RSI | 32 |
Latest Price | $40.3000(-1.1%) |
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 -4.1% 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) VIXM(18%) UUP(8%) VXX(7%) IGOV(2%) TLT(1%) |
Factors Impacting SQQQ price | SQQQ will decline at least -3.395% 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 | -3.395% (StdDev 6.79%) |
Hourly BBV | -0.7 () |
Intraday Trend | 0.9% |
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