| XLK latest price $131.7700 (-1.37%) ($131.2200 - $132.9600) on Wed. Nov. 16, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.22% (three month average) |
RSI | 59 |
Latest Price | $131.7700(-1.37%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XLK advances 1.7% a day on average for past five trading days. |
Weekly Trend | XLK advances 2.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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(96%) VT(86%) XLC(79%) XLY(79%) XLI(66%) |
Factors Impacting XLK price | XLK will decline at least -1.11% in a week (0% probabilities). VIXM(-50%) UUP(-32%) VXX(-16%) TBT(-15%) USO(12%) |
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 | -1.11% (StdDev 2.22%) |
Hourly BBV | -1.2 () |
Intraday Trend | -0.6% |
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