| XLK latest price $124.7300 (2.93%) ($120.8100 - $125.2900) on Fri. Jan. 6, 2023. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 2.22% (three month average) |
| RSI | 32 |
| Latest Price | $124.7300(2.93%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | XLK advances 0.5% a day on average for past five trading days. |
| Weekly Trend | XLK declines -1.9% 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(95%) VT(81%) XLC(75%) XLY(75%) VFMO(63%) |
| Factors Impacting XLK price | XLK will decline at least -1.11% in a week (0% probabilities).
VIXM(-52%) UUP(-22%) VXX(-18%) TBT(-9%) ARKK(-7%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -1.11% (StdDev 2.22%) |
| Hourly BBV | 1.9 () |
| Intraday Trend | 2% |
| | |
| |
|