| XLK latest price $150.0000 (-0.77%) ($149.8400 - $150.6100) on Tue. May. 9, 2023. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 1.21% (three month average) |
| RSI | 52 |
| Latest Price | $150.0000(-0.77%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | XLK advances 0.1% a day on average for past five trading days. |
| Weekly Trend | XLK advances 0.8% a week on average for past two weeks. |
| Market Behavior | Broad based sell-off for large cap. Normal for small cap. |
| Correlated ETFs | Broad market will support XLK advance at 0% a week (0% probability)
QQQ(95%) IWF(94%) VUG(94%) IVW(92%) SPY(86%) |
| Factors Impacting XLK price | XLK will decline at least -0.605% in a week (0% probabilities).
VXX(-59%) VIXM(-54%) UUP(-19%) TBT(-16%) GLD(-3%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -0.605% (StdDev 1.21%) |
| Hourly BBV | 0 () |
| Intraday Trend | -0.2% |
| | |
| |
|