| XLK latest price $121.9900 (2.03%) ($120.5400 - $122.3100) on Wed. Aug. 26, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.45% (three month average) |
RSI | 68 |
Latest Price | $121.9900(2.03%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XLK advances 1.2% a day on average for past five trading days. |
Weekly Trend | XLK advances 2.5% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support XLK advance at 0% a week (0% probability) VUG(97%) VT(88%) IVW(84%) IWF(83%) XLY(83%) |
Factors Impacting XLK price | XLK will decline at least -0.725% in a week (0% probabilities). VIXM(-62%) UUP(-34%) VXX(-24%) TBT(-7%) EDOC(-2%) |
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 | -0.725% (StdDev 1.45%) |
Hourly BBV | 1.5 () |
Intraday Trend | 1% |
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