XLK The Technology Select Sector SPDR® ETF Forecast, Technical & Fundamental Analysis
XLK in downward trend: price expected to drop as it breaks its higher Bollinger Band on January 22, 2025
XLK broke above its upper Bollinger Band on January 22, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 44 similar instances where the stock broke above the upper band. In of the 44 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where XLK's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for XLK turned negative on January 29, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
XLK moved below its 50-day moving average on January 27, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for XLK crossed bearishly below the 50-day moving average on January 13, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XLK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 28, 2025. You may want to consider a long position or call options on XLK as a result. In of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XLK advanced for three days, in of 354 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 370 cases where XLK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Technology
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| LABD | 6.59 | 0.10 | +1.54% |
| Direxion Daily S&P Biotech Bear 3X ETF | |||
| JHEM | 25.92 | 0.02 | +0.08% |
| JHancock Multifactor Em Mkts ETF | |||
| IAPR | 27.18 | 0.02 | +0.06% |
| Innovator Intl Dev Pwr Bffr ETF Apr | |||
| FCSH | 24.06 | -0.01 | -0.04% |
| Federated Hermes Short Duration Corp ETF | |||
| FBCG | 47.59 | -0.11 | -0.23% |
| Fidelity Blue Chip Growth ETF | |||
XLK and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, XLK has been closely correlated with IXN. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if XLK jumps, then IXN could also see price increases.