| XLK latest price $160.2300 (3.84%) ($157.5800 - $160.8600) on Thu. May. 25, 2023. |
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| Trend Analysis and Forecast |
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| Average Daily Percentage Swing | 1.21% (three month average) |
| RSI | 72 |
| Latest Price | $160.2300(3.84%) |
| 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% a week on average for past two weeks. |
| Market Behavior | Growth stock rally 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(91%) SMH(88%) |
| Factors Impacting XLK price | XLK will decline at least -0.605% in a week (0% probabilities).
VXX(-57%) VIXM(-52%) UUP(-19%) TBT(-19%) USO(-8%) |
| 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 | -0.605% (StdDev 1.21%) |
| Hourly BBV | 1.8 () |
| Intraday Trend | 1.1% |
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