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Archive
- 10/23/2026 -
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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 gave back -0.24 points, or -0.13%, and closed at 183.23 on Friday, October 23, 2026. Weekly volume was -31% 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 203.25 on October 6, 2026. XLK gained -117.02 points, or -135.71%, in 78 weeks. The price is now at the 17.11% retracement level.
 Medium-term trend: [See XLK medium-term trend chart]
A medium-term uptrend had started on July 29, 2026 at 166.46 and reached 203.25 on October 6, 2026. XLK gained -36.79 points, or -22.10%, in 9 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (208.32) 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. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 October 9, 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 downtrend had started on October 6, 2026 at 203.25 and reached 181.50 on October 22, 2026. XLK lost 21.75 points, or 10.70%, in 16 days. The price is now at the 7.95% retracement level.
 Daily Technical Indicators: [See XLK daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since October 9, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.
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