Taking everything into account, XLK scores 7 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.
Although XLK has an excellent technical rating, it does not offer a high quality setup 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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134.71
When analyzing the support we can see 2 important areas.
- A support zone ranging from 140.49 to 143.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 136.07 to 136.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 150.35 to 152.07. 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 | 78.31 | POSITIVE | XLK has a high relative strength, it outperformed 78.31% 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 | MIXED | The current price of XLK is below 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) | 47.63 | NEUTRAL | The RSI value for XLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests XLK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.58 | OVERBOUGHT | The high Stochastics value suggests XLK may be overbought. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for XLK suggests some volalility. |
| Average Directional Index/ADX (14) | 16.03 | NEGATIVE | The low ADX value for XLK suggests a weak or negative trend. |
143.69
-4.28 (-2.89%)
SS TECHNOLOGY SELECT SECTOR / XLK FAQ
What is the ChartMill technical rating of SS TECHNOLOGY SELECT SECTOR (XLK) stock?
ChartMill assigns a technical rating of 7 / 10 to XLK.
What is the current trend direction of SS TECHNOLOGY SELECT SECTOR (XLK) stock?
The current trend direction for SS TECHNOLOGY SELECT SECTOR (XLK) is Bullish.
What is the RSI signal for SS TECHNOLOGY SELECT SECTOR (XLK) stock?
SS TECHNOLOGY SELECT SECTOR (XLK) has an RSI value of 47.6282. This indicates that the stock is currently neutral.
What is the short term momentum for SS TECHNOLOGY SELECT SECTOR (XLK) stock?
The short term momentum for SS TECHNOLOGY SELECT SECTOR (XLK) is neutral.