The Greedy Trader Weekly Analysis
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- 4/24/2026 -
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Technology Select Sector SPDR (XLK) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought20 Day Moving Average has crossed above the 50 Day Moving AverageThe period of high volatility of the stock price
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It was a fourth positive week after 5 consecutive negative weeks for the Technology Select Sector SPDR (XLK). During the week, the XLK gained 5.87 points, or 3.80%, and closed at 160.22 on Friday, April 24, 2026. Weekly volume was -26% below average.

Long-term trend: [See XLK long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 56.49 and reached 160.40 on April 24, 2026. XLK gained -103.91 points, or -183.94%, in 184 weeks. Price is near the trend high.

Medium-term trend: [See XLK medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 86.23 and reached 160.40 on April 24, 2026. XLK gained -74.17 points, or -86.01%, in 54 weeks. Price is near the trend high.

Weekly Technical Indicators: [See XLK weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 March 30, 2026 at 126.68 and reached 160.40 on April 24, 2026. XLK gained -33.72 points, or -26.62%, in 25 days. Price is near the trend high.

Daily Technical Indicators: [See XLK daily technical indicators chart]
Daily Relative Strength Index, 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 Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since April 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

The distance between the Bollinger Bands is 181.96% 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 91.95
Strong Overbought
Williams' Percentage Range (W%R) 5.80
Strong Overbought
Lane's Stochastic (%D-Slow) 94.67
Strong Overbought
Greed/Fear Indicator (GFI) 93.59
Strong Overbought
Moving Average Converg./Diverg. (MACD) 3.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.01
Williams' Percentage Range (W%R) 5.80
Strong Overbought
Lane's Stochastic (%D-Slow) 60.09
Greed/Fear Indicator (GFI) 69.66
Moving Average Converg./Diverg. (MACD) 1.72
Trading Signals
Description Value Chart
Upper Bollinger Band 167.40
Price 160.22
Daily Stochastic Crossing 159.62
Parabolic System 153.33
Weekly Stochastic Crossing 151.15
20 Day Moving Average 144.77
50 Day Moving Average 141.17
Lower Bollinger Band 128.50
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 126.68
Low Date 03/30/2026
High 160.40
High Date 04/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 126.68
Low Date 03/30/2026
High 160.40
High Date 04/24/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 126.68
Low Date 03/30/2026
High 160.40
High Date 04/24/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 86.23
Low Date 04/07/2025
High 160.40
High Date 04/24/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.49
Low Date 10/13/2022
High 160.40
High Date 04/24/2026
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.