| XLK latest price $105.9900 (-1.05%) ($105.8800 - $108.0700) on Tue. Jul. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.79% (three month average) |
RSI | 61 |
Latest Price | $105.9900(-1.05%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XLK advances 0.6% a day on average for past five trading days. |
Weekly Trend | XLK advances 1.4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based 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 -0.895% in a week (0% probabilities). VIXM(-62%) UUP(-34%) VXX(-25%) TBT(-6%) IYT(-2%) |
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 | -0.895% (StdDev 1.79%) |
Hourly BBV | -0.2 () |
Intraday Trend | -0.9% |
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