| XLK latest price $170.9500 (1.8%) ($168.3200 - $171.4500) on Wed. Aug. 23, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.21% (three month average) |
RSI | 42 |
Latest Price | $170.9500(1.8%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XLK advances 0.6% a day on average for past five trading days. |
Weekly Trend | XLK declines -1% 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) IWF(95%) QQQ(95%) VUG(95%) IVW(93%) SMH(89%) |
Factors Impacting XLK price | XLK will decline at least -0.605% in a week (0% probabilities). VXX(-67%) VIXM(-60%) TBT(-21%) UUP(-19%) USO(-6%) |
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 | -0.605% (StdDev 1.21%) |
Hourly BBV | 1.5 () |
Intraday Trend | 1.6% |
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