| SQQQ latest price $16.5650 (1.81%) ($16.5650 - $16.5650) on Wed. Dec. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.06% (three month average) |
RSI | 53 |
Latest Price | $16.5650(1.81%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SQQQ advances 0.8% a day on average for past five trading days. |
Weekly Trend | SQQQ advances 0.5% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SQQQ advance at 0% a week (0% probability) UUP(40%) ACES(5%) VIXM(44%) JETS(20%) IWC(12%) |
Factors Impacting SQQQ price | SQQQ will decline at least -1.53% 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 | -1.53% (StdDev 3.06%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0% |
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