| XLK latest price $175.6600 (0.49%) ($175.0200 - $176.3300) on Thu. Aug. 31, 2023. |
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| Trend Analysis and Forecast |
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| Average Daily Percentage Swing | 1.12% (three month average) |
| RSI | 65 |
| Latest Price | $175.6600(0.49%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | XLK advances 1% a day on average for past five trading days. |
| Weekly Trend | XLK advances 1.7% a week on average for past two weeks. |
| Market Behavior | Normal for large cap. Normal for small cap. |
| Correlated ETFs | Broad market will support XLK advance at 0% a week (0% probability)
QQQ(96%) IWF(95%) VUG(95%) IVW(93%) SPY(89%) |
| Factors Impacting XLK price | XLK will decline at least -0.56% in a week (0% probabilities).
VXX(-66%) VIXM(-60%) TBT(-23%) UUP(-20%) GLD(-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 | -0.56% (StdDev 1.12%) |
| Hourly BBV | 1.1 () |
| Intraday Trend | 0.3% |
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