| SQQQ latest price $16.3500 (3.06%) ($16.3200 - $16.3500) on Mon. Dec. 4, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.08% (three month average) |
RSI | 31 |
Latest Price | $16.3500(3.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 0.5% a day on average for past five trading days. |
Weekly Trend | SQQQ declines -1.5% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SQQQ advance at 0% a week (0% probability) VXX(22%) JETS(20%) IWC(12%) VIXM(44%) UUP(40%) |
Factors Impacting SQQQ price | SQQQ will decline at least -1.54% in a week (0% probabilities). VUG(-91%) IWF(-90%) XLK(-89%) XLC(-75%) EWY(-69%) |
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 | -1.54% (StdDev 3.08%) |
Hourly BBV | 0.9 () |
Intraday Trend | 0% |
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