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Uptrend ExhaustionArchive
- 6/13/2025 -
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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 third consecutive positive week for the Technology Select Sector SPDR (XLK). During the week, the XLK climbed 0.81 points, or 0.34%, and closed at 239.17 on Friday, June 13, 2025. Weekly volume was 8% above 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 243.13 on June 12, 2025. XLK gained -130.16 points, or -115.22%, in 139 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 172.50 and reached 243.13 on June 12, 2025. XLK gained -70.63 points, or -40.94%, in 9 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (247.34) 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 medium-term trend.
 Weekly Technical Indicators: [See XLK weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 9, 2025. This is an indication that the medium-term trend is up. 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 June 12, 2025 at 243.13 and reached 238.29 on June 13, 2025. XLK lost 4.84 points, or 1.99%, in 1 days. The price is now at the 18.18% retracement level.
 Daily Technical Indicators: [See XLK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
The daily MACD line is below its signal line since June 12, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
A Parabolic SAR (stop and reversal) indicator (236.93) comes close to the price (239.17). It indicates that the trend is getting weaker. 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.
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