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Archive
- 7/17/2026 -
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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 -10.19 points, or -5.48%, and closed at 175.59 on Friday, July 17, 2026. Weekly volume was -44% 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 20.57% 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 uptrend support line (197.39) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. XLK may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.
 Weekly Technical Indicators: [See XLK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since April 17, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 June 3, 2026 at 198.73 and reached 171.34 on July 17, 2026. XLK lost 27.39 points, or 13.78%, in 44 days. The price is now at the 15.52% retracement level.
 Daily Technical Indicators: [See XLK daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.
The daily MACD line is below its signal line since June 4, 2026. This is an indication that the short-term trend is down.
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. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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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