| XLK latest price $145.9600 (0.26%) ($144.1600 - $146.0300) on Fri. Mar. 24, 2023. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 1.43% (three month average) |
| RSI | 61 |
| Latest Price | $145.9600(0.26%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | XLK advances 0.4% a day on average for past five trading days. |
| Weekly Trend | XLK advances 2.1% 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(95%) IWF(94%) VUG(94%) IVW(90%) SPY(84%) |
| Factors Impacting XLK price | XLK will decline at least -0.715% in a week (0% probabilities).
VXX(-57%) VIXM(-50%) UUP(-16%) TBT(-10%) SHY(-9%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -0.715% (StdDev 1.43%) |
| Hourly BBV | 0 () |
| Intraday Trend | 0.6% |
| | |
| |
|