| XLK latest price $170.0100 (1.69%) ($168.4600 - $170.1600) on Thu. Nov. 2, 2023. |
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| Trend Analysis and Forecast |
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| Average Daily Percentage Swing | 1.12% (three month average) |
| RSI | 50 |
| Latest Price | $170.0100(1.69%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | XLK advances 1.2% a day on average for past five trading days. |
| Weekly Trend | XLK declines -0.9% a week on average for past two weeks. |
| Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
| Correlated ETFs | Broad market will support XLK advance at 0% a week (0% probability)
IVW(95%) QQQ(95%) IWF(94%) VUG(94%) SMH(88%) |
| Factors Impacting XLK price | XLK will decline at least -0.56% in a week (0% probabilities).
VXX(-50%) VIXM(-43%) GLD(-22%) TBT(-21%) UUP(-18%) |
| 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 | 1.4 () |
| Intraday Trend | 0.8% |
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