The Greedy Trader Weekly Analysis
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- 1/2/2026 -
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Technology Select Sector SPDR (XLK) Technical Analysis

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Summary:
Weekly :
Daily :Daily  MACD line has moved below its signal linePrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Technology Select Sector SPDR (XLK). During the week, the XLK dropped -2.23 points, or -1.52%, and closed at 144.30 on Friday, January 2, 2026. Weekly volume was -25% 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 153.00 on October 29, 2025. XLK gained -66.77 points, or -77.43%, in 29 weeks. The price is now at the 13.03% retracement level.

Medium-term trend: [See XLK medium-term trend chart]
A medium-term uptrend had started on November 21, 2025 at 133.74 and reached 149.22 on December 10, 2025. XLK gained -15.48 points, or -11.57%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 142.60 and resistance is at 146.17. 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 November 14, 2025. 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 uptrend had started on December 17, 2025 at 139.32 and reached 146.98 on December 26, 2025. XLK gained -7.66 points, or -5.50%, in 9 days. The price is now at the 34.99% retracement level.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.41
Williams' Percentage Range (W%R) 36.30
Lane's Stochastic (%D-Slow) 69.95
Greed/Fear Indicator (GFI) 58.03
Moving Average Converg./Diverg. (MACD) 0.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.98
Williams' Percentage Range (W%R) 29.40
Lane's Stochastic (%D-Slow) 57.41
Greed/Fear Indicator (GFI) 59.61
Moving Average Converg./Diverg. (MACD) 6.27
Trading Signals
Description Value Chart
Upper Bollinger Band 149.26
Monthly Trendline Resistance 146.17
Daily Stochastic Crossing 145.69
20 Day Moving Average 145.10
50 Day Moving Average 144.89
Price 144.30
Weekly Stochastic Crossing 142.88
Monthly Trendline Support 142.60
Parabolic System 142.01
Lower Bollinger Band 139.99
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 139.32
Low Date 12/17/2025
High 146.98
High Date 12/26/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 149.22
High Date 12/10/2025
Low 139.32
Low Date 12/17/2025
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 146.17
Support 142.60
Low 133.74
Low Date 11/21/2025
High 149.22
High Date 12/10/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 86.23
Low Date 04/07/2025
High 153.00
High Date 10/29/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.49
Low Date 10/13/2022
High 153.00
High Date 10/29/2025
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.