TECHNOLOGY SELECT SECT SPDR (XLK) Stock Technical Analysis
USA - NYSEARCA:XLK - US81369Y8030 - ETF
285.01 USD
+0.5 (+0.18%)
285.05 USD
+0.04 (+0.01%)
Taking everything into account, XLK scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, XLK is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
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 274.25 - 291.34 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
XLK has an average volume of 8922100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, XLK did better than 79% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Besides having an excellent technical rating, XLK also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 283.45, a Stop Loss order could be placed below this zone.
More info and screens
182.28
293.61
When analyzing the support we can see 3 important areas.
- A support zone ranging from 278.38 to 283.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 257.07 to 258.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @184.12 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @290.70 from a horizontal line in the daily time frame.
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 | 79.98 | POSITIVE | XLK has a high relative strength, it outperformed 79.98% 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) | 56.84 | NEUTRAL | The RSI value for XLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.75 | NEGATIVE | The MACD value suggests XLK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.83 | NEUTRAL | The Stochastics value for XLK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for XLK suggests low volalility. |
| Average Directional Index/ADX (14) | 23.04 | NEUTRAL | The ADX value for XLK suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 290.71 | 278.37 | 12.34 (4.24%) | 23.56% |
| An entry @290.71. This is a Buy Stop order right above the resistance zone. | An exit @278.37. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 12.34 points, which is 4.24%. | For a 1.00% total portfolio risk, you can invest 23.56% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
285.01
+0.5 (+0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.18%
1 Week2.38%
2 Weeks0.1%
1 Month2.18%
3 Month9.25%
6 Month47.78%
12 Month23.43%
2 Year73.78%
3 Year122.89%
5 Year157.09%
10 Year552.94%
15 Year1070.47%
Volatility
ATR(14)5.31
ATR(20)%1.71%
ATR Inc-1.43%
Range Today4.84
ADR(20)4.38
ADR(20)%1.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.98
Mansfield0.8
10 Day High291.34
10 Day Low278.24
20 Day High291.34
20 Day Low274.25
52 Week High291.34
52 Week Low172.45
CS1 End283.45
CR1 Start290.7
Volume & EV
DER(3)0.8%
DER(5)0.4%
Volume12.76M
Volume Incr30.92%
Vol(5)11.86M
Vol(50)8.92M