| XLK latest price $143.2500 (-1%) ($143.1700 - $147.5700) on Wed. Mar. 22, 2023. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 1.44% (three month average) |
| RSI | 64 |
| Latest Price | $143.2500(-1%) |
| 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 advances 1.7% a week on average for past two weeks. |
| Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
| Correlated ETFs | Broad market will support XLK advance at 0% a week (0% probability)
QQQ(95%) IWF(94%) VUG(94%) IVW(90%) SPY(85%) |
| Factors Impacting XLK price | XLK will decline at least -0.72% in a week (0% probabilities).
VXX(-57%) VIXM(-51%) UUP(-16%) SHY(-9%) TBT(-8%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -0.72% (StdDev 1.44%) |
| Hourly BBV | 0.7 () |
| Intraday Trend | -1% |
| | |
| |
|