| SQQQ latest price $14.6450 (10.36%) ($14.6450 - $14.6450) on Thu. Feb. 25, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.37% (three month average) |
RSI | 71 |
Latest Price | $14.6450(10.36%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 3.5% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 4.9% a week on average for past two weeks. |
Market Behavior | Broad based 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(6%) IGOV(1%) TLT(1%) |
Factors Impacting SQQQ price | SQQQ will decline at least -1.685% in a week (0% probabilities). IWF(-33%) IVW(-33%) QQQ(-32%) SPY(-29%) VUG(-28%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.685% (StdDev 3.37%) |
Hourly BBV | 1.9 () |
Intraday Trend | 0% |
| |
|
|