| XLK latest price $165.6600 (0.53%) ($165.3100 - $168.0400) on Tue. May. 30, 2023. |
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| Trend Analysis and Forecast |
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| Average Daily Percentage Swing | 1.25% (three month average) |
| RSI | 82 |
| Latest Price | $165.6600(0.53%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | XLK advances 1% a day on average for past five trading days. |
| Weekly Trend | XLK advances 2.9% a week on average for past two weeks. |
| Market Behavior | Normal for large cap. Growth stock 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(92%) SMH(88%) |
| Factors Impacting XLK price | XLK will decline at least -0.625% in a week (0% probabilities).
VXX(-57%) VIXM(-52%) UUP(-21%) TBT(-20%) USO(-9%) |
| 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 | -0.625% (StdDev 1.25%) |
| Hourly BBV | 1 () |
| Intraday Trend | -0.9% |
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