TECHNOLOGY SELECT SECT SPDR (XLK) Stock Technical Analysis
USA - NYSEARCA:XLK - US81369Y8030 - ETF
We assign a technical rating of 8 out of 10 to XLK. 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 present a decent entry opportunity 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
When analyzing the support we can see 3 important areas.
- A support zone ranging from 278.38 to 283.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @258.90 from a horizontal line 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.
- A resistance zone ranging from 297.44 to 304.14. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 80.16 | POSITIVE | XLK has a high relative strength, it outperformed 80.16% 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) | 47.55 | NEUTRAL | The RSI value for XLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.36 | NEGATIVE | The MACD value suggests XLK has a negative trend. |
| Stochastics (14,3) | 37.8 | NEUTRAL | The Stochastics value for XLK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for XLK suggests low volalility. |
| Average Directional Index/ADX (14) | 17.85 | NEGATIVE | The low ADX value for XLK suggests a weak or negative trend. |
288.16
-1 (-0.35%)
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 8 / 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 47.546. 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.