| TQQQ latest price $73.6800 (-2.07%) ($70.9700 - $74.1950) on Thu. Oct. 15, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.08% (three month average) |
RSI | 68 |
Latest Price | $73.6800(-2.07%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 1.7% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 7.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) EDOC(10%) ARKG(6%) ARKK(6%) SHY(6%) IBB(5%) |
Factors Impacting TQQQ price | TQQQ will decline at least -2.54% in a week (0% probabilities). UNG(-8%) XLE(-6%) XOP(-5%) OIH(-5%) DRIV(-5%) |
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 | -2.54% (StdDev 5.08%) |
Hourly BBV | -0.7 () |
Intraday Trend | 3% |
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