| TQQQ latest price $30.8650 (4.68%) ($30.4850 - $31.1200) on Mon. Aug. 19, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.55% (three month average) |
RSI | 41 |
Latest Price | $30.8650(4.68%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 1.2% a day on average for past five trading days. |
Weekly Trend | TQQQ declines -3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) DIA(43%) XLK(43%) SPY(42%) IVW(41%) IWF(41%) |
Factors Impacting TQQQ price | TQQQ will decline at least -1.775% in a week (0% probabilities). VIXM(-32%) TLT(-14%) VXX(-13%) BWX(-5%) IGOV(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.775% (StdDev 3.55%) |
Hourly BBV | 0 () |
Intraday Trend | 0.4% |
| |
|
|