| XLK latest price $121.3800 (0.85%) ($119.8500 - $123.9200) on Tue. Oct. 18, 2022. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 1.9% (three month average) |
| RSI | 46 |
| Latest Price | $121.3800(0.85%) |
| 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 -1.5% 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(96%) VT(86%) XLC(80%) XLY(79%) XLI(66%) |
| Factors Impacting XLK price | XLK will decline at least -0.95% in a week (0% probabilities).
VIXM(-50%) UUP(-35%) VXX(-16%) TBT(-12%) EDOC(-0%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -0.95% (StdDev 1.9%) |
| Hourly BBV | 0.5 () |
| Intraday Trend | -1.7% |
| | |
| |
|