| SQQQ latest price $18.1150 (-2.71%) ($18.1050 - $18.1150) on Mon. Aug. 7, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.09% (three month average) |
RSI | 66 |
Latest Price | $18.1150(-2.71%) |
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 1.8% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support SQQQ advance at 0% a week (0% probability) VXX(71%) VIXM(66%) UUP(29%) TBT(28%) USO(7%) |
Factors Impacting SQQQ price | SQQQ will decline at least -1.545% in a week (0% probabilities). QQQ(-99%) VUG(-97%) IWF(-97%) IVW(-95%) XLK(-94%) |
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 | -1.545% (StdDev 3.09%) |
Hourly BBV | -0.1 () |
Intraday Trend | 0% |
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