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Archive
- 4/17/2025 -
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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 -5.54 points, or -2.79%, and closed at 192.86 on Thursday, April 17, 2025. XLK was trading at average weekly trading volume.
 Long-term trend: [See XLK long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 112.97 and reached 243.10 on February 19, 2025. XLK gained -130.13 points, or -115.19%, in 122 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See XLK medium-term trend chart]
A medium-term downtrend had started on February 19, 2025 at 243.10 and reached 172.50 on April 7, 2025. XLK lost 70.60 points, or 29.04%, in 6 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 158.27 and resistance is at 201.25. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See XLK weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since January 3, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 April 7, 2025 at 172.50 and reached 205.00 on April 9, 2025. XLK gained -32.50 points, or -18.84%, in 2 days. Price is near the Fibonacci 38.2% 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 above its signal line. Such crossover is considered a bullish signal.
The distance between the Bollinger Bands is 130.86% higher then one year average. It indicates the period of high volatility of the stock price. 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.
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