| TQQQ latest price $73.5550 (-0.92%) ($73.0650 - $74.6800) on Tue. Nov. 17, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.5% (three month average) |
RSI | 68 |
Latest Price | $73.5550(-0.92%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 1.8% a day on average for past five trading days. |
Weekly Trend | TQQQ advances 8.7% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) EDOC(7%) SHY(6%) ARKG(5%) ARKK(4%) IGOV(4%) |
Factors Impacting TQQQ price | TQQQ will decline at least -2.75% in a week (0% probabilities). UNG(-8%) XOP(-7%) XLE(-7%) OIH(-6%) EWJ(-6%) |
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 | -2.75% (StdDev 5.5%) |
Hourly BBV | 0.4 () |
Intraday Trend | -1.1% |
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