| TQQQ latest price $56.6350 (1.62%) ($53.6800 - $56.9850) on Thu. Jul. 30, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.19% (three month average) |
RSI | 46 |
Latest Price | $56.6350(1.62%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 0.7% a day on average for past five trading days. |
Weekly Trend | TQQQ declines -1.6% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) XLK(12%) VUG(11%) ARKG(10%) ARKK(10%) IBB(10%) |
Factors Impacting TQQQ price | TQQQ will decline at least -2.095% in a week (0% probabilities). UNG(-7%) XOP(-4%) XLE(-4%) OIH(-4%) XLC(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.095% (StdDev 4.19%) |
Hourly BBV | 1.9 () |
Intraday Trend | 4% |
| |
|
|