| TQQQ latest price $70.6600 (2.09%) ($68.8975 - $71.0050) on Fri. Aug. 21, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.97% (three month average) |
RSI | 67 |
Latest Price | $70.6600(2.09%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 2.1% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 4% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based sell-off 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 -1.985% 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 | -1.985% (StdDev 3.97%) |
Hourly BBV | 1.7 () |
Intraday Trend | 1.9% |
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