| XLE latest price $87.1300 (0.32%) ($86.9400 - $88.0300) on Wed. Mar. 6, 2024. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.1% (three month average) |
RSI | 71 |
Latest Price | $87.1300(0.32%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XLE advances 0.3% a day on average for past five trading days. |
Weekly Trend | XLE advances 0.9% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support XLE advance at 0% a week (0% probability) IVE(52%) GDXJ(47%) GDX(46%) DIA(43%) IWN(39%) |
Factors Impacting XLE price | XLE will decline at least -0.55% in a week (0% probabilities). UUP(-25%) VIXM(-16%) VXX(-15%) TLT(-5%) SMH(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.55% (StdDev 1.1%) |
Hourly BBV | 0.2 () |
Intraday Trend | 0% |
| |
|
|