| XLK latest price $149.5100 (-0.93%) ($148.7300 - $151.2700) on Tue. May. 2, 2023. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 1.23% (three month average) |
| RSI | 58 |
| Latest Price | $149.5100(-0.93%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | XLK advances 0.8% a day on average for past five trading days. |
| Weekly Trend | XLK advances 0.3% 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)
QQQ(95%) IWF(94%) VUG(94%) IVW(91%) SPY(86%) |
| Factors Impacting XLK price | XLK will decline at least -0.615% in a week (0% probabilities).
VXX(-61%) VIXM(-55%) UUP(-19%) TBT(-13%) SHY(-7%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -0.615% (StdDev 1.23%) |
| Hourly BBV | 0.5 () |
| Intraday Trend | -1% |
| | |
| |
|