TECHNOLOGY SELECT SECT SPDR (XLK) Stock Technical Analysis
NYSEARCA:XLK - NYSE Arca - US81369Y8030 - ETF - Currency: USD
Taking everything into account, XLK scores 8 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, XLK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 242.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 241.13, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for XLK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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182.28
When analyzing the support we can see 3 important areas.
- A support zone ranging from 233.82 to 237.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 225.07 to 226.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 184.12 to 185.20. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 240.84 to 242.58. 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 | 70.5 | POSITIVE | XLK has a high relative strength, it outperformed 70.5% 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) | 72.48 | OVERBOUGHT | The high RSI value suggests XLK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests XLK has a positive trend. |
| Stochastics (14,3) | 94.21 | OVERBOUGHT | The high Stochastics value suggests XLK may be overbought. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for XLK suggests low volalility. |
| Average Directional Index/ADX (14) | 26.37 | POSITIVE | The high ADX value value for XLK suggests a strong trend. |
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 |
|---|---|---|---|
| 242.59 | 233.81 | 8.78 (3.62%) | 25.00% |
| An entry @242.59. This is a Buy Stop order right above the resistance zone. | An exit @233.81. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.78 points, which is 3.62%. | For a 0.90% total portfolio risk, you can invest 25.00% 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.
NYSEARCA:XLK (6/13/2025, 2:44:07 PM)
238.575
-4 (-1.65%)