| TQQQ latest price $46.9600 (-5.89%) ($45.9250 - $50.2350) on Wed. Jun. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.07% (three month average) |
RSI | 62 |
Latest Price | $46.9600(-5.89%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 0.1% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 2.6% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) XLK(14%) VUG(13%) ARKK(12%) IWF(12%) ARKG(11%) |
Factors Impacting TQQQ price | TQQQ will decline at least -3.035% in a week (0% probabilities). UNG(-7%) VIXM(-5%) XOP(-3%) XLE(-3%) OIH(-3%) |
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 | -3.035% (StdDev 6.07%) |
Hourly BBV | -1.1 () |
Intraday Trend | -5% |
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