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Archive
- 4/10/2026 -
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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 positive week after 5 consecutive negative weeks for the Technology Select Sector SPDR (XLK). During the week, the XLK gained 6.63 points, or 4.88%, and closed at 142.62 on Friday, April 10, 2026. Weekly volume was -38% 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 chart has formed a Symmetric Triangle chart pattern. The uptrend support line (161.83) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See XLK medium-term trend chart]
A medium-term downtrend had started on October 29, 2025 at 153.00 and reached 126.68 on March 30, 2026. XLK lost 26.32 points, or 17.20%, in 21 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 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. This is an indication that the medium-term trend is down. 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 January 28, 2026 at 149.90 and reached 126.68 on March 30, 2026. XLK lost 23.22 points, or 15.49%, in 61 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (124.81) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. XLK may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
 Daily Technical Indicators: [See XLK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
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