| XLB latest price $63.6400 (1.02%) ($63.1400 - $64.1600) on Wed. Sep. 30, 2020. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 1.35% (three month average) |
| RSI | 48 |
| Latest Price | $63.6400(1.02%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | XLB advances 0.7% a day on average for past five trading days. |
| Weekly Trend | XLB declines -2.1% a week on average for past two weeks. |
| Market Behavior | Broad based rally for large cap. Normal for small cap. |
| Correlated ETFs | Broad market will support XLB advance at 0% a week (0% probability)
XLI(88%) VYM(87%) VT(84%) XLF(82%) PAVE(73%) |
| Factors Impacting XLB price | XLB will decline at least -0.675% in a week (0% probabilities).
VIXM(-60%) UUP(-42%) VXX(-26%) EDOC(-6%) IGOV(-5%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -0.675% (StdDev 1.35%) |
| Hourly BBV | -0.3 () |
| Intraday Trend | 0.6% |
| | |
| |
|