| SQQQ latest price $25.0800 (7.55%) ($23.6430 - $25.7100) on Fri. Oct. 30, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.28% (three month average) |
RSI | 80 |
Latest Price | $25.0800(7.55%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 3% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 8.2% a week on average for past two weeks. |
Market Behavior | Growth stock 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(7%) VXX(7%) EDOC(4%) IGOV(2%) |
Factors Impacting SQQQ price | SQQQ will decline at least -2.64% in a week (0% probabilities). QQQ(-33%) IWF(-33%) IVW(-33%) SPY(-30%) VUG(-29%) |
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 | -2.64% (StdDev 5.28%) |
Hourly BBV | 1.6 () |
Intraday Trend | 0% |
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