| XLK latest price $178.4700 (-0.58%) ($177.7100 - $178.9200) on Mon. Nov. 13, 2023. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 1.15% (three month average) |
| RSI | 73 |
| Latest Price | $178.4700(-0.58%) |
| 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 advances 4.3% a week on average for past two weeks. |
| Market Behavior | Normal for large cap. Normal for small cap. |
| Correlated ETFs | Broad market will support XLK advance at 0% a week (0% probability)
IWF(94%) VUG(94%) FIVG(77%) IVE(75%) VT(70%) |
| Factors Impacting XLK price | XLK will decline at least -0.575% in a week (0% probabilities).
EDOC(-55%) VXX(-37%) GLD(-29%) VIXM(-23%) UUP(-16%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -0.575% (StdDev 1.15%) |
| Hourly BBV | 0.8 () |
| Intraday Trend | -0.2% |
| | |
| |
|