TECHNOLOGY SELECT SECT SPDR (XLK) Stock Technical Analysis
NYSEARCA:XLK - NYSE Arca - US81369Y8030 - ETF - Currency: USD
Overall XLK gets a technical rating of 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, XLK did better than 83% of all other stocks.
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.
XLK has an average volume of 6023490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month XLK has a been trading in a tight range between 253.20 and 268.01.
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 262.34, a Stop Loss order could be placed below this zone.
More info and screens
182.28
267.34
When analyzing the support we can see 3 important areas.
- A support zone ranging from 257.06 to 262.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @187.47 from a trend line in the weekly time frame.
- Support @184.12 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 263.30 to 264.69. 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 | 83.03 | POSITIVE | XLK has a high relative strength, it outperformed 83.03% 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) | 60.72 | NEUTRAL | The RSI value for XLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.72 | NEGATIVE | The MACD value suggests XLK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.11 | NEUTRAL | The Stochastics value for XLK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.34 | LOW VOLATILITY | The low ATR as a percentage value for XLK suggests low volalility. |
| Average Directional Index/ADX (14) | 26.96 | POSITIVE | The high ADX value value for XLK suggests a strong 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)
263.29
+0.24 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.09%
1 Week0.21%
2 Weeks0.73%
1 Month2.46%
3 Month21%
6 Month13.09%
12 Month28.04%
2 Year49.89%
3 Year94.65%
5 Year113.1%
10 Year554.46%
15 Year1172.55%
Volatility
ATR(14)3.79
ATR(20)%1.34%
ATR Inc21.54%
Range Today5.31
ADR(20)3.13
ADR(20)%1.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.03
Mansfield0.61
10 Day High268.01
10 Day Low255.78
20 Day High268.01
20 Day Low253.2
52 Week High268.01
52 Week Low172.45
CS1 End262.34
CR1 Start263.3
Volume & EV
DER(3)0.18%
DER(5)-0.01%
Volume5.16M
Volume Incr6.28%
Vol(5)6.35M
Vol(50)6.02M