| TQQQ latest price $35.9450 (3.9%) ($35.2825 - $36.3750) on Thu. May. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 10.93% (three month average) |
RSI | 56 |
Latest Price | $35.9450(3.9%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 0.6% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 3.8% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) XLK(17%) VUG(16%) IWF(15%) VFMO(15%) ARKK(14%) |
Factors Impacting TQQQ price | TQQQ will decline at least -5.465% in a week (0% probabilities). VIXM(-10%) UNG(-7%) VXX(-2%) IGOV(-2%) UUP(-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 | -5.465% (StdDev 10.93%) |
Hourly BBV | 1.1 () |
Intraday Trend | 0.1% |
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