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- 9/4/2026 -
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Technology Select Sector SPDR (XLK) Technical Analysis

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Summary:
Weekly :
Daily :
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It was a second consecutive positive week for the Technology Select Sector SPDR (XLK). During the week, the XLK climbed 1.59 points, or 0.86%, and closed at 187.28 on Friday, September 4, 2026. Weekly volume was -62% below average.

Long-term trend: [See XLK long-term trend chart]
A long-term uptrend had started on April 7, 2025 at 86.23 and reached 198.73 on June 3, 2026. XLK gained -112.50 points, or -130.47%, in 60 weeks. The price is now at the 10.18% retracement level.

Medium-term trend: [See XLK medium-term trend chart]
A medium-term uptrend had started on March 30, 2026 at 126.68 and reached 198.73 on June 3, 2026. XLK gained -72.05 points, or -56.88%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 179.40 and resistance is at 189.83. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See XLK weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since July 24, 2026. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See XLK short-term trend chart]
A short-term downtrend had started on August 17, 2026 at 191.75 and reached 178.82 on August 24, 2026. XLK lost 12.93 points, or 6.74%, in 7 days. The chart has formed a Symmetric Triangle chart pattern.

Daily Technical Indicators: [See XLK daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since August 20, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.86
Williams' Percentage Range (W%R) 35.20
Lane's Stochastic (%D-Slow) 65.72
Greed/Fear Indicator (GFI) 58.44
Moving Average Converg./Diverg. (MACD) 0.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.48
Williams' Percentage Range (W%R) 22.70
Lane's Stochastic (%D-Slow) 69.47
Greed/Fear Indicator (GFI) 66.61
Moving Average Converg./Diverg. (MACD) 9.98
Trading Signals
Description Value Chart
Upper Bollinger Band 190.44
Monthly Trendline Resistance 189.83
Price 187.28
Daily Stochastic Crossing 185.75
20 Day Moving Average 185.70
Weekly Stochastic Crossing 184.70
50 Day Moving Average 182.61
Parabolic System 180.67
Monthly Trendline Support 179.40
Lower Bollinger Band 178.82
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
High 191.75
High Date 08/17/2026
Low 178.82
Low Date 08/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 166.46
Low Date 07/29/2026
High 191.75
High Date 08/17/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 189.83
Support 179.40
Low 126.68
Low Date 03/30/2026
High 198.73
High Date 06/03/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 86.23
Low Date 04/07/2025
High 198.73
High Date 06/03/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.49
Low Date 10/13/2022
High 198.73
High Date 06/03/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.