| TQQQ latest price $68.5150 (4.68%) ($66.8900 - $69.0350) on Thu. Oct. 1, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.88% (three month average) |
RSI | 60 |
Latest Price | $68.5150(4.68%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 3.6% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) EDOC(11%) ARKG(7%) ARKK(7%) IBB(7%) XLK(7%) |
Factors Impacting TQQQ price | TQQQ will decline at least -2.44% in a week (0% probabilities). UNG(-8%) XOP(-5%) XLE(-5%) OIH(-4%) EWJ(-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 | -2.44% (StdDev 4.88%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0.3% |
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