| TQQQ latest price $39.5750 (2.29%) ($38.4100 - $40.0000) on Thu. Dec. 12, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.2% (three month average) |
RSI | 65 |
Latest Price | $39.5750(2.29%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 1.1% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 0.8% 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(42%) XLK(42%) IWF(40%) SPLV(40%) SPY(40%) |
Factors Impacting TQQQ price | TQQQ will decline at least -1.1% in a week (0% probabilities). VIXM(-30%) TLT(-13%) VXX(-12%) BWX(-4%) UNG(-1%) |
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 | -1.1% (StdDev 2.2%) |
Hourly BBV | 1.7 () |
Intraday Trend | 2.6% |
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