| XLK latest price $169.6200 (2.17%) ($166.8100 - $169.6850) on Mon. Jun. 12, 2023. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 1.2% (three month average) |
| RSI | 70 |
| Latest Price | $169.6200(2.17%) |
| 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 2.2% a week on average for past two weeks. |
| Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
| Correlated ETFs | Broad market will support XLK advance at 0% a week (0% probability)
IWF(95%) QQQ(95%) VUG(94%) IVW(92%) SMH(87%) |
| Factors Impacting XLK price | XLK will decline at least -0.6% in a week (0% probabilities).
VXX(-57%) VIXM(-53%) UUP(-23%) TBT(-22%) USO(-9%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -0.6% (StdDev 1.2%) |
| Hourly BBV | 2.4 () |
| Intraday Trend | 1.4% |
| | |
| |
|