| XLK latest price $121.1500 (3.11%) ($120.0900 - $121.4900) on Thu. Nov. 5, 2020. |
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| Trend Analysis and Forecast |
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| Average Daily Percentage Swing | 1.85% (three month average) |
| RSI | 47 |
| Latest Price | $121.1500(3.11%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | XLK advances 1.4% a day on average for past five trading days. |
| Weekly Trend | XLK declines -1.8% a week on average for past two weeks. |
| Market Behavior | Broad based rally for large cap. Broad based rally 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 -0.925% in a week (0% probabilities).
VIXM(-64%) UUP(-34%) VXX(-24%) TBT(-8%) 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 | -0.925% (StdDev 1.85%) |
| Hourly BBV | 1.2 () |
| Intraday Trend | 0.5% |
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