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The Technology Select Sector SPDR Fund (XLK) currently has mixed reviews from analysts. Jessica Inskip's technical analysis highlights a significant bearish outlook, indicating that the fund may face continued volatility with fears of a drop to $225, which represents a critical support level and the 26-week moving average. On the other hand, another expert suggests there is potential for a rally, particularly with the typical seasonal increase in tech stocks from October to January. This expert points out the establishment of rising bottoms and a positive ascending triangle pattern, suggesting that despite recent pullbacks, the sector could gain momentum in the coming months. The divergent opinions reflect the uncertainty in the market, with some cautious of immediate risks while others remain optimistic about future performance.
Sector is performing well. Small pullback from October to November, which is good as it sets up a rally. Tech starts to perform well at this time of year into January, seeing some momentum, can do well for the next few months. Rising bottoms, a very positive pattern. Breaking out from the previous level. That all shows an ascending triangle.
A tech ETF and a good way to play tech. This has done well this year. With earnings now, this could do even better. We're entering strong seasonality for tech which could boost the wider market. Keep an eye on Apple's earnings on Thursday. Tech is good, at least short term.
The tech sector is trading at 28x forward PE, back to the pre-Covid peak. Tech trades at a 45% premium to the overall market while the 10-year average is 9% premium. During the tech bubble it was a 53% premium. He gets the AI enthusiasm, but doesn't understand the tech disconnect from higher rates. The Fed has said it will increase rates. Tech stocks are expensive. Tech outflows have been the highest in the past 10 weeks. We'll test 4,200 on the S&P and could run further if it breaks above that. If it doesn't, we'll see.
Technology Select Sector SPDR Fund is a American stock, trading under the symbol XLK-N on the NYSE Arca (XLK). It is usually referred to as AMEX:XLK or XLK-N
In the last year, 1 stock analyst published opinions about XLK-N. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Technology Select Sector SPDR Fund.
Technology Select Sector SPDR Fund was recommended as a Top Pick by on . Read the latest stock experts ratings for Technology Select Sector SPDR Fund.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Technology Select Sector SPDR Fund In the last year. It is a trending stock that is worth watching.
On 2025-03-14, Technology Select Sector SPDR Fund (XLK-N) stock closed at a price of $213.94.
This week, the market nearly broke below all key support levels, including the XLK (tech index). It looks very negative now, showing a sell signal. Inskip fears XLK could fall to $225, the next floor of support and the 26-week moving average. Bearish.