| TQQQ latest price $56.4400 (3.85%) ($54.2450 - $56.4700) on Wed. Jul. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.73% (three month average) |
RSI | 69 |
Latest Price | $56.4400(3.85%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 2.9% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 6.6% a week on average for past two weeks. |
Market Behavior | Growth stock 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(13%) VUG(12%) ARKG(11%) ARKK(11%) IWF(11%) |
Factors Impacting TQQQ price | TQQQ will decline at least -2.365% in a week (0% probabilities). UNG(-7%) XOP(-4%) XLE(-4%) VIXM(-4%) OIH(-4%) |
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 | -2.365% (StdDev 4.73%) |
Hourly BBV | 0.9 () |
Intraday Trend | 2.2% |
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