THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF Forecast

$208.27
-0.430 (-0.206%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Red day on Thursday for THE TECHNOLOGY SELECT SECTOR SPDR FUND
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 08, 2024 Gain 10.35% PDF

The THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF price fell by -0.206% on the last day (Thursday, 28th Mar 2024) from $208.70 to $208.27. During the last trading day the ETF fluctuated 0.470% from a day low at $207.87 to a day high of $208.85. The price has risen in 6 of the last 10 days but is still down by -0.24% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -2 million shares and in total, 4 million shares were bought and sold for approximately $905.38 million.

The ETF lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 10.91% during the next 3 months and, with a 90% probability hold a price between $226.16 and $238.67 at the end of this 3-month period.

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XLK Signals & Forecast

The THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $208.94. On a fall, the ETF will find some support from the long-term average at approximately $206.76. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -1.30%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF

THE TECHNOLOGY SELECT SECTOR SPDR FUND finds support from accumulated volume at $205.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.98 between high and low, or 0.470%. For the last week the ETF has had daily average volatility of 0.83%.

Our recommended stop-loss: $199.63 (-4.15%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (XLK) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect THE TECHNOLOGY SELECT SECTOR SPDR FUND to open at $208.33, and during the day (based on 14 day Average True Range), to move between $205.49 and $211.05, which gives a possible trading interval of +/-$2.78 (+/-1.33%) up or down from last closing price. If THE TECHNOLOGY SELECT SECTOR SPDR FUND takes out the full calculated possible swing range there will be an estimated 2.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $208.78 (0.24%) than the support at $205.63 (1.27%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF to perform well in the short-term.

Current score: 3.681 Buy Candidate Unchanged

Predicted Opening Price for THE TECHNOLOGY SELECT SECTOR SPDR FUND of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$208.33 ( 0.0285%) $208.27

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for XLK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 209.31 0.498 %
R2 208.93 0.319 %
R1 208.70 0.208 %
Current price: 208.27
Support S1 207.96 -0.151 %
S2 207.72 -0.262 %
S3 207.35 -0.441 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 211.02 1.32 %
R2 210.76 1.20 %
R1 208.78 0.245 %
Current price 208.27
Support S1 205.63 -1.27%
S2 201.91 -3.05%
S3 187.44 -10.00%

XLK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 18, 2024 Mar 18, 2024 Mar 21, 2024 $0.339 0.162%
2 Dec 18, 2023 Dec 18, 2023 Dec 18, 2023 $0.422 0.220%
3 Jan 26, 2023 Sep 18, 2023 Sep 21, 2023 $0.360 0.219%
4 Jan 26, 2023 Jun 20, 2023 Jun 23, 2023 $0.362 0.215%
5 Jan 26, 2023 Mar 20, 2023 Mar 23, 2023 $0.316 0.217%

FAQ

What is the symbol for THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF and on which exchange is it traded?
The symbol for THE TECHNOLOGY SELECT SECTOR SPDR FUND is XLK and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF to perform well in the short-term.

How to buy THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF?
THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF.

What's the current price of THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF?
As of the end of day on the 2024-03-28, the price of an THE TECHNOLOGY SELECT SECTOR SPDR FUND (XLK) share was $208.27.

What is the 52-week high and low for THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF?
The 52-week high for THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF is $212.35 and the 52-week low is $143.92.

What is the market capitalization of THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF?
As of the 2024-03-28, the market capitalization of THE TECHNOLOGY SELECT SECTOR SPDR FUND is 56.661B.
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About THE TECHNOLOGY SELECT SECTOR SPDR FUND

In seeking to track the performance of the index, the fund employs a replication strategy, which means that the fund typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The fund is non-diversified.... XLK Profile

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