| TQQQ latest price $37.1450 (-6.45%) ($37.1000 - $37.1450) on Thu. Aug. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.37% (three month average) |
RSI | 38 |
Latest Price | $37.1450(-6.45%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TQQQ advances 0.2% a day on average for past five trading days. |
Weekly Trend | TQQQ declines -3.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support TQQQ advance at 0% a week (0% probability) IWF(98%) VUG(98%) IVW(97%) XLK(96%) SPY(94%) |
Factors Impacting TQQQ price | TQQQ will decline at least -1.685% in a week (0% probabilities). VXX(-72%) VIXM(-67%) UUP(-30%) TBT(-29%) USO(-7%) |
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 | -1.685% (StdDev 3.37%) |
Hourly BBV | -1.4 () |
Intraday Trend | 0% |
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