| SQQQ latest price $54.1150 (7.09%) ($54.1150 - $54.1150) on Thu. Dec. 22, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.94% (three month average) |
RSI | 74 |
Latest Price | $54.1150(7.09%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 2% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 7.9% 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) TBT(6%) VIXM(2%) VXX(1%) XLP(1%) URA(0%) |
Factors Impacting SQQQ price | SQQQ will decline at least -2.97% in a week (0% probabilities). IWF(-97%) IVW(-94%) SPY(-90%) FIVG(-83%) IVE(-81%) |
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 | -2.97% (StdDev 5.94%) |
Hourly BBV | 1.1 () |
Intraday Trend | 0% |
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