| XLK latest price $148.2500 (-0.84%) ($148.1800 - $150.6600) on Wed. May. 3, 2023. |
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| Trend Analysis and Forecast |
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| Average Daily Percentage Swing | 1.23% (three month average) |
| RSI | 46 |
| Latest Price | $148.2500(-0.84%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | XLK advances 0.3% a day on average for past five trading days. |
| Weekly Trend | XLK advances 0.3% a week on average for past two weeks. |
| Market Behavior | Broad based sell-off for large cap. Growth stock 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(91%) SPY(86%) |
| Factors Impacting XLK price | XLK will decline at least -0.615% in a week (0% probabilities).
VXX(-61%) VIXM(-55%) UUP(-19%) TBT(-13%) SHY(-7%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
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| Relative Volatility | (options are extremely cheap) |
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| Market Trend Strength | -0.615% (StdDev 1.23%) |
| Hourly BBV | -0.8 () |
| Intraday Trend | -1% |
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