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Uptrend ExhaustionArchive
- 5/2/2025 -
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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 second consecutive positive week for the Technology Select Sector SPDR (XLK). During the week, the XLK gained 8.14 points, or 3.90%, and closed at 216.61 on Friday, May 2, 2025. Weekly volume was -11% below average.
 Long-term trend: [See XLK long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 112.97 and reached 243.10 on February 19, 2025. XLK gained -130.13 points, or -115.19%, in 122 weeks. The price is now at the 20.36% retracement level.
 Medium-term trend: [See XLK medium-term trend chart]
A medium-term downtrend had started on February 19, 2025 at 243.10 and reached 172.50 on April 7, 2025. XLK lost 70.60 points, or 29.04%, in 6 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance 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 January 3, 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 uptrend had started on April 7, 2025 at 172.50 and reached 217.62 on May 2, 2025. XLK gained -45.12 points, or -26.16%, in 25 days. Price is near the trend high.
 Daily Technical Indicators: [See XLK daily technical indicators chart]
Daily 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 Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 11, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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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