| XLK latest price $120.7000 (-0.72%) ($120.5900 - $125.3600) on Mon. Nov. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.84% (three month average) |
RSI | 51 |
Latest Price | $120.7000(-0.72%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XLK advances 1.6% a day on average for past five trading days. |
Weekly Trend | XLK advances 0.6% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value 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(88%) XLY(84%) IVW(83%) XLC(82%) |
Factors Impacting XLK price | XLK will decline at least -0.92% in a week (0% probabilities). VIXM(-63%) UUP(-34%) VXX(-24%) TBT(-8%) EDOC(-8%) |
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 | -0.92% (StdDev 1.84%) |
Hourly BBV | 0.2 () |
Intraday Trend | -2.8% |
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