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Archive
- 2/27/2026 -
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Technology Select Sector SPDR (XLK) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Technology Select Sector SPDR (XLK). During the week, the XLK dropped -2.12 points, or -1.50%, and closed at 138.76 on Friday, February 27, 2026. Weekly volume was 8% above 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 (153.16) 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 133.74 on November 21, 2025. XLK lost 19.26 points, or 12.59%, in 3 weeks. Price is near the Fibonacci 23.6% 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 135.08 on February 5, 2026. XLK lost 14.82 points, or 9.89%, in 8 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (139.24) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 short-term trend.
Daily Technical Indicators: [See XLK daily technical indicators chart]
Daily technical indicators are neutral.
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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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