TECHNOLOGY SELECT SECT SPDR (XLK) Stock Technical Analysis
USA - NYSEARCA:XLK - US81369Y8030 - ETF
Taking everything into account, XLK scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, XLK is showing a nice and steady performance.
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.
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182.28
2 important support areas can be observed.
- A support zone ranging from 285.20 to 288.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @184.12 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 300.69 to 304.14. 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 | NEUTRAL | NEUTRAL | The short term trend for XLK is neutral. |
| ChartMill Relative Strength | 81.83 | POSITIVE | XLK has a high relative strength, it outperformed 81.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of XLK is below 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) | 47.34 | NEUTRAL | The RSI value for XLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.62 | NEGATIVE | The MACD value suggests XLK has a negative trend. |
| Stochastics (14,3) | 33.86 | NEUTRAL | The Stochastics value for XLK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for XLK suggests low volalility. |
| Average Directional Index/ADX (14) | 16.78 | NEGATIVE | The low ADX value for XLK suggests a weak or negative trend. |
288.15
+1.56 (+0.54%)
TECHNOLOGY SELECT SECT SPDR / XLK FAQ
What is the ChartMill technical rating of TECHNOLOGY SELECT SECT SPDR (XLK) stock?
ChartMill assigns a technical rating of 10 / 10 to XLK.
What is the current trend direction of TECHNOLOGY SELECT SECT SPDR (XLK) stock?
The current trend direction for TECHNOLOGY SELECT SECT SPDR (XLK) is Bullish.
What is the RSI signal for TECHNOLOGY SELECT SECT SPDR (XLK) stock?
TECHNOLOGY SELECT SECT SPDR (XLK) has an RSI value of 47.344. This indicates that the stock is currently neutral.
What is the short term momentum for TECHNOLOGY SELECT SECT SPDR (XLK) stock?
The short term momentum for TECHNOLOGY SELECT SECT SPDR (XLK) is neutral.