| XLK latest price $134.2700 (-0.04%) ($133.3700 - $134.7800) on Tue. Jan. 24, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.09% (three month average) |
RSI | 74 |
Latest Price | $134.2700(-0.04%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XLK advances 0.5% a day on average for past five trading days. |
Weekly Trend | XLK advances 3% 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) QQQ(96%) IWF(95%) VUG(95%) IVW(91%) SPY(87%) |
Factors Impacting XLK price | XLK will decline at least -1.045% in a week (0% probabilities). VIXM(-53%) VXX(-18%) UUP(-17%) TBT(-8%) SHY(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.045% (StdDev 2.09%) |
Hourly BBV | 0.7 () |
Intraday Trend | 0.5% |
| |
|
|