| XLK latest price $158.3100 (2.6%) ($154.6400 - $158.3500) on Thu. Mar. 24, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.93% (three month average) |
RSI | 58 |
Latest Price | $158.3100(2.6%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XLK advances 0.8% a day on average for past five trading days. |
Weekly Trend | XLK advances 3.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support XLK advance at 0% a week (0% probability) VUG(97%) VT(90%) XLY(85%) XLC(84%) IVW(76%) |
Factors Impacting XLK price | XLK will decline at least -0.965% in a week (0% probabilities). VIXM(-62%) UUP(-37%) VXX(-16%) TBT(-11%) EDOC(3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.965% (StdDev 1.93%) |
Hourly BBV | 1.8 () |
Intraday Trend | 2% |
| |
|
|