| XLK latest price $104.6600 (0.16%) ($104.0800 - $105.2700) on Wed. Jul. 1, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.06% (three month average) |
RSI | 71 |
Latest Price | $104.6600(0.16%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XLK advances 0.5% a day on average for past five trading days. |
Weekly Trend | XLK advances 1.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support XLK advance at 0% a week (0% probability) VUG(97%) VT(88%) IVW(85%) IWF(83%) XLY(83%) |
Factors Impacting XLK price | XLK will decline at least -1.03% in a week (0% probabilities). VIXM(-62%) UUP(-34%) VXX(-25%) TBT(-6%) XLC(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.03% (StdDev 2.06%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.1% |
| |
|
|