| XLK latest price $117.5000 (3.89%) ($115.3700 - $118.3800) on Wed. Nov. 4, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.82% (three month average) |
RSI | 39 |
Latest Price | $117.5000(3.89%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XLK advances 1.1% a day on average for past five trading days. |
Weekly Trend | XLK declines -2.8% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support XLK advance at 0% a week (0% probability) VUG(97%) VT(89%) XLY(84%) IVW(83%) XLC(82%) |
Factors Impacting XLK price | XLK will decline at least -0.91% in a week (0% probabilities). VIXM(-64%) UUP(-34%) VXX(-24%) TBT(-7%) EDOC(-7%) |
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 | -0.91% (StdDev 1.82%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.8% |
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