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Archive
- 9/11/2026 -
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Technology Select Sector SPDR (XLK) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was a third consecutive positive week for the Technology Select Sector SPDR (XLK). During the week, the XLK climbed 0.39 points, or 0.21%, and closed at 187.67 on Friday, September 11, 2026. Weekly volume was -56% below average.
 Long-term trend: [See XLK long-term trend chart]
A long-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 trend support level is at 183.90 and resistance is at 189.29. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See XLK medium-term trend chart]
A medium-term uptrend had started on July 29, 2026 at 166.46 and reached 191.75 on August 17, 2026. XLK gained -25.29 points, or -15.19%, in 2 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 185.83 and resistance is at 189.00. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See XLK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since July 24, 2026. The distance between MACD and the signal line is low, but getting bigger. 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 August 24, 2026 at 178.82 and reached 189.08 on September 8, 2026. XLK gained -10.26 points, or -5.74%, in 15 days. The chart has formed a Ascending Triangle chart pattern.
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.
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