| SQQQ latest price $27.5400 (-1.77%) ($26.5100 - $28.8900) on Thu. Sep. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.02% (three month average) |
RSI | 65 |
Latest Price | $27.5400(-1.77%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 0.8% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 4.8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SQQQ advance at 0% a week (0% probability) VIXM(18%) UUP(7%) VXX(7%) EDOC(4%) TLT(1%) |
Factors Impacting SQQQ price | SQQQ will decline at least -2.51% 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 | -2.51% (StdDev 5.02%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0% |
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