| XLB latest price $78.0700 (1.51%) ($77.4700 - $78.2850) on Fri. Sep. 9, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.53% (three month average) |
RSI | 45 |
Latest Price | $78.0700(1.51%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XLB advances 1% a day on average for past five trading days. |
Weekly Trend | XLB declines -1.9% 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 XLB advance at 0% a week (0% probability) VT(88%) XLI(87%) VYM(86%) XLF(83%) XHB(79%) |
Factors Impacting XLB price | XLB will decline at least -0.765% in a week (0% probabilities). VIXM(-55%) UUP(-44%) VXX(-20%) TBT(-14%) EDOC(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.765% (StdDev 1.53%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0.5% |
| |
|
|