| XLK latest price $114.9300 (-0.12%) ($114.7350 - $115.8700) on Wed. Aug. 19, 2020. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 1.47% (three month average) |
| RSI | 74 |
| Latest Price | $114.9300(-0.12%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | XLK advances 0.2% a day on average for past five trading days. |
| Weekly Trend | XLK advances 1.2% a week on average for past two weeks. |
| Market Behavior | Normal for large cap. Normal for small cap. |
| Correlated ETFs | Broad market will support XLK advance at 0% a week (0% probability)
VUG(97%) VT(88%) IVW(84%) IWF(83%) XLY(83%) |
| Factors Impacting XLK price | XLK will decline at least -0.735% in a week (0% probabilities).
VIXM(-62%) UUP(-34%) VXX(-24%) TBT(-7%) XLC(-3%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -0.735% (StdDev 1.47%) |
| Hourly BBV | 0.3 () |
| Intraday Trend | -0.4% |
| | |
| |
|