| XLK latest price $126.1700 (-0.65%) ($125.8100 - $128.0500) on Thu. Oct. 6, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.75% (three month average) |
RSI | 43 |
Latest Price | $126.1700(-0.65%) |
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 declines -1.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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(87%) XLC(81%) XLY(79%) XLI(69%) |
Factors Impacting XLK price | XLK will decline at least -0.875% in a week (0% probabilities). VIXM(-50%) UUP(-36%) VXX(-16%) TBT(-14%) EDOC(5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.875% (StdDev 1.75%) |
Hourly BBV | -0.2 () |
Intraday Trend | -0.4% |
| |
|
|