| XLK latest price $110.4300 (2.5%) ($107.6610 - $110.4400) on Fri. Jul. 31, 2020. |
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| Trend Analysis and Forecast |
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| Average Daily Percentage Swing | 1.49% (three month average) |
| RSI | 61 |
| Latest Price | $110.4300(2.5%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | XLK advances 1% a day on average for past five trading days. |
| Weekly Trend | XLK advances 0.4% a week on average for past two weeks. |
| Market Behavior | Growth stock rally 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 -0.745% in a week (0% probabilities).
VIXM(-62%) UUP(-34%) VXX(-24%) TBT(-6%) IGOV(-3%) |
| 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 | -0.745% (StdDev 1.49%) |
| Hourly BBV | 2.4 () |
| Intraday Trend | 0.9% |
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