| XLK latest price $171.0800 (0.09%) ($169.7800 - $172.8300) on Thu. Oct. 12, 2023. |
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| Trend Analysis and Forecast |
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| Average Daily Percentage Swing | 1.1% (three month average) |
| RSI | 66 |
| Latest Price | $171.0800(0.09%) |
| 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 2% a week on average for past two weeks. |
| Market Behavior | Broad based sell-off for large cap. Broad based sell-off 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(88%) |
| Factors Impacting XLK price | XLK will decline at least -0.55% in a week (0% probabilities).
VXX(-61%) VIXM(-58%) EDOC(-29%) GLD(-25%) TBT(-22%) |
| 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 | -0.55% (StdDev 1.1%) |
| Hourly BBV | 0.7 () |
| Intraday Trend | 0% |
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