| TQQQ latest price $67.2450 (-5.4%) ($65.1750 - $69.6250) on Tue. Nov. 10, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.55% (three month average) |
RSI | 49 |
Latest Price | $67.2450(-5.4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 1.6% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 3.4% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) EDOC(9%) SHY(6%) ARKG(5%) ARKK(5%) ACES(4%) |
Factors Impacting TQQQ price | TQQQ will decline at least -2.775% in a week (0% probabilities). UNG(-9%) XOP(-7%) XLE(-7%) OIH(-6%) IVE(-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 | -2.775% (StdDev 5.55%) |
Hourly BBV | -1.4 () |
Intraday Trend | -1.9% |
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