| XLK latest price $170.9200 (0.93%) ($169.3200 - $171.0000) on Wed. Oct. 11, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.11% (three month average) |
RSI | 67 |
Latest Price | $170.9200(0.93%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XLK advances 0.7% a day on average for past five trading days. |
Weekly Trend | XLK advances 1.6% a week on average for past two weeks. |
Market Behavior | Broad based rally 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(97%) IWF(95%) SMH(95%) VUG(95%) SPY(89%) |
Factors Impacting XLK price | XLK will decline at least -0.555% in a week (0% probabilities). VXX(-59%) VIXM(-57%) GLD(-27%) TBT(-20%) UUP(-17%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.555% (StdDev 1.11%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0.6% |
| |
|
|