| TQQQ latest price $31.2550 (8.85%) ($30.1550 - $31.8300) on Wed. Apr. 22, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 10.76% (three month average) |
RSI | 77 |
Latest Price | $31.2550(8.85%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 0.2% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 15.7% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) XLK(19%) VUG(18%) IWF(17%) IVW(16%) QQQ(16%) |
Factors Impacting TQQQ price | TQQQ will decline at least -5.38% in a week (0% probabilities). VIXM(-11%) UNG(-6%) VXX(-3%) UUP(-1%) TLT(-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 | -5.38% (StdDev 10.76%) |
Hourly BBV | 0.3 () |
Intraday Trend | 2.4% |
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