| XLK latest price $167.0100 (-2.3%) ($166.8800 - $173.1100) on Thu. Aug. 24, 2023. |
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| Trend Analysis and Forecast |
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| Average Daily Percentage Swing | 1.24% (three month average) |
| RSI | 41 |
| Latest Price | $167.0100(-2.3%) |
| 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 declines -0.5% 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)
IWF(95%) QQQ(95%) VUG(95%) IVW(93%) SMH(88%) |
| Factors Impacting XLK price | XLK will decline at least -0.62% in a week (0% probabilities).
VXX(-67%) VIXM(-61%) TBT(-22%) UUP(-20%) USO(-6%) |
| 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 | -0.62% (StdDev 1.24%) |
| Hourly BBV | -1.3 () |
| Intraday Trend | -3.5% |
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