| XLK latest price $165.9500 (1.02%) ($163.2300 - $166.6500) on Thu. Jun. 1, 2023. |
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| Trend Analysis and Forecast |
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| Average Daily Percentage Swing | 1.24% (three month average) |
| RSI | 80 |
| Latest Price | $165.9500(1.02%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | XLK advances 1.4% a day on average for past five trading days. |
| Weekly Trend | XLK advances 3.9% a week on average for past two weeks. |
| Market Behavior | Broad based rally for large cap. Broad based rally 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%) SMH(88%) |
| Factors Impacting XLK price | XLK will decline at least -0.62% in a week (0% probabilities).
VXX(-57%) VIXM(-52%) UUP(-21%) TBT(-20%) EDOC(-10%) |
| 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 | -0.62% (StdDev 1.24%) |
| Hourly BBV | 0.6 () |
| Intraday Trend | 1.3% |
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