Taking everything into account, XLK scores 4 out of 10 in our technical rating. In the last year, XLK was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, XLK does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 146.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 145.43, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
134.71
We found 3 important support areas.
- A support zone ranging from 143.29 to 145.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 139.19 to 139.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 146.23 to 146.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 74.7 | POSITIVE | XLK has a high relative strength, it outperformed 74.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of XLK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of XLK is above a declining 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) | 54.01 | NEUTRAL | The RSI value for XLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests XLK has a positive trend. |
| Stochastics (14,3) | 72.08 | NEUTRAL | The Stochastics value for XLK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.55 | LOW VOLATILITY | The low ATR as a percentage value for XLK suggests low volalility. |
| Average Directional Index/ADX (14) | 12.6 | NEGATIVE | The low ADX value for XLK suggests a weak or negative trend. |
146.15
+1.91 (+1.32%)
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 4 / 10 to XLK.
Can you provide the trend direction for SS TECHNOLOGY SELECT SECTOR?
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 54.0088. This indicates that the stock is currently neutral.
What is the MACD signal for SS TECHNOLOGY SELECT SECTOR (XLK) stock?
The MACD indicator for SS TECHNOLOGY SELECT SECTOR (XLK) has a value of 0.0500956, indicating a bearish trend.