| SQQQ latest price $20.2000 (-1.1%) ($20.1800 - $20.2000) on Mon. Sep. 25, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.05% (three month average) |
RSI | 72 |
Latest Price | $20.2000(-1.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 1.5% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 4.7% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support SQQQ advance at 0% a week (0% probability) VXX(69%) VIXM(64%) TBT(32%) UUP(28%) GLD(12%) |
Factors Impacting SQQQ price | SQQQ will decline at least -1.525% 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 | -1.525% (StdDev 3.05%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0% |
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