| TQQQ latest price $66.4800 (-1.95%) ($66.1450 - $68.6050) on Wed. Aug. 19, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.03% (three month average) |
RSI | 71 |
Latest Price | $66.4800(-1.95%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 0.9% 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 | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) EDOC(13%) XLK(11%) VUG(10%) ARKG(9%) ARKK(9%) |
Factors Impacting TQQQ price | TQQQ will decline at least -2.015% in a week (0% probabilities). UNG(-7%) XOP(-4%) XLE(-4%) OIH(-4%) XLC(-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 | -2.015% (StdDev 4.03%) |
Hourly BBV | -0 () |
Intraday Trend | -1.9% |
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