| XLK latest price $139.1600 (2.35%) ($135.2100 - $140.2700) on Wed. Feb. 1, 2023. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 2.01% (three month average) |
| RSI | 72 |
| Latest Price | $139.1600(2.35%) |
| 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 2.5% 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)
QQQ(96%) IWF(95%) VUG(95%) IVW(91%) SPY(87%) |
| Factors Impacting XLK price | XLK will decline at least -1.005% in a week (0% probabilities).
VIXM(-52%) VXX(-18%) UUP(-17%) TBT(-11%) SHY(-6%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -1.005% (StdDev 2.01%) |
| Hourly BBV | 0 () |
| Intraday Trend | 2.4% |
| | |
| |
|