The Greedy Trader Weekly Analysis
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- 3/13/2026 -
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Technology Select Sector SPDR (XLK) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :The price has fallen below the Parabolic SARThe price is below the lower Bollinger BandBroken trend resistance lineThe period of low volatility of the stock price
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It was the negative week for the Technology Select Sector SPDR (XLK). During the week, the XLK gave back -0.49 points, or -0.36%, and closed at 136.80 on Friday, March 13, 2026. Weekly volume was 40% 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 (156.15) 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. The price is now at the 15.89% retracement 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 134.99 on March 3, 2026. XLK lost 14.91 points, or 9.95%, in 34 days. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (134.95) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.

Daily Technical Indicators: [See XLK daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 12, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is falling, and it was 4.21% on Friday. It is 56.11% lower than one year average. It indicates the period of low 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.40
Williams' Percentage Range (W%R) 58.60
Lane's Stochastic (%D-Slow) 53.93
Greed/Fear Indicator (GFI) 47.26
Moving Average Converg./Diverg. (MACD) -1.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.54
Williams' Percentage Range (W%R) 75.50
Lane's Stochastic (%D-Slow) 33.59
Greed/Fear Indicator (GFI) 35.04
Moving Average Converg./Diverg. (MACD) 3.54
Trading Signals
Description Value Chart
Quarterly Trendline Support 156.15
Quarterly Trendline Resistance 148.33
Upper Bollinger Band 142.66
50 Day Moving Average 142.34
Parabolic System 141.73
20 Day Moving Average 139.58
Weekly Stochastic Crossing 139.55
Daily Stochastic Crossing 138.72
Lower Bollinger Band 136.89
Price 136.80
Weekly Trendline Support 134.95
Weekly Trendline Resistance 133.95
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 134.99
Low Date 03/03/2026
High 141.59
High Date 03/11/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 133.95
Support 134.95
High 149.90
High Date 01/28/2026
Low 134.99
Low Date 03/03/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 153.00
High Date 10/29/2025
Low 133.74
Low Date 11/21/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 148.33
Support 156.15
Low 86.23
Low Date 04/07/2025
High 153.00
High Date 10/29/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.49
Low Date 10/13/2022
High 153.00
High Date 10/29/2025
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.