| SQQQ latest price $37.8000 (-6.09%) ($37.5000 - $40.3000) on Tue. Jun. 30, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.61% (three month average) |
RSI | 49 |
Latest Price | $37.8000(-6.09%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 0.1% a day on average for past five trading days. |
Weekly Trend | SQQQ declines -3.5% a week on average for past two weeks. |
Market Behavior | Broad based 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(18%) UUP(8%) VXX(7%) IGOV(2%) TLT(1%) |
Factors Impacting SQQQ price | SQQQ will decline at least -2.805% 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 | -2.805% (StdDev 5.61%) |
Hourly BBV | -1.7 () |
Intraday Trend | -6% |
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