TECHNOLOGY SELECT SECT SPDR (XLK) Stock Technical Analysis
NYSEARCA:XLK - NYSE Arca - US81369Y8030 - ETF - Currency: USD
Overall XLK gets a technical rating of 8 out of 10. Although XLK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
XLK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month XLK has a been trading in the 238.29 - 258.80 range, which is quite wide. It is currently trading near the high of this range.
XLK has an average volume of 5677970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that XLK is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
XLK has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
182.28
260.42
We found 3 important support areas.
- A support zone ranging from 233.82 to 237.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @226.80 from a horizontal line in the daily time frame.
- A support zone ranging from 184.12 to 186.34. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 256.97 to 257.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for XLK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XLK is up. |
| ChartMill Relative Strength | 76.88 | POSITIVE | XLK has a high relative strength, it outperformed 76.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XLK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XLK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XLK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.08 | NEUTRAL | The RSI value for XLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests XLK has a negative trend. |
| Stochastics (14,3) | 90.46 | OVERBOUGHT | The high Stochastics value suggests XLK may be overbought. |
| Average True Range in percent/ATR (20) | 1.29 | LOW VOLATILITY | The low ATR as a percentage value for XLK suggests low volalility. |
| Average Directional Index/ADX (14) | 36.87 | POSITIVE | The high ADX value value for XLK suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
255.85
-1.13 (-0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.44%
1 Week-0.43%
2 Weeks1.9%
1 Month6.45%
3 Month28.99%
6 Month11.83%
12 Month9.43%
2 Year43.45%
3 Year77.4%
5 Year131.69%
10 Year500.87%
15 Year1067.2%
Volatility
ATR(14)3.18
ATR(20)%1.29%
ATR Inc-24.4%
Range Today1.91
ADR(20)2.84
ADR(20)%1.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.88
Mansfield0.5
10 Day High258.8
10 Day Low249.25
20 Day High258.8
20 Day Low238.29
52 Week High258.8
52 Week Low172.45
CS1 End237.2
CR1 Start256.97
Volume & EV
DER(3)-0.66%
DER(5)-1.29%
Volume4.62M
Volume Incr3.07%
Vol(5)5.94M
Vol(50)5.68M