| SQQQ latest price $25.2200 (-4.85%) ($24.5700 - $25.8200) on Mon. Sep. 14, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.78% (three month average) |
RSI | 53 |
Latest Price | $25.2200(-4.85%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 1.3% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 7.8% 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(7%) VXX(7%) EDOC(3%) TLT(1%) |
Factors Impacting SQQQ price | SQQQ will decline at least -2.39% in a week (0% probabilities). QQQ(-34%) IWF(-34%) IVW(-34%) VUG(-30%) SPY(-30%) |
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 | -2.39% (StdDev 4.78%) |
Hourly BBV | -0.3 () |
Intraday Trend | 0% |
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