Technology Select Sector SPDR Fund (XLK-N)
NYSEARCA:XLK
213.67
1.79
(0.83%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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This summary was created by AI, based on 2 opinions in the last 12 months.
The Technology Select Sector SPDR Fund (XLK) is currently experiencing divergent analyses from experts. Jessica Inskip has raised concerns about the volatility in the market, indicating that XLK may be on the verge of a significant decline, potentially dropping to a support level of $225. Inskip identifies this as a bearish signal amid fears of higher inflation and a strong job market contributing to market instability. Conversely, another expert highlights a recent small pullback in the tech sector as a positive indication, suggesting that this could set the stage for a rally as the year transitions from October to January. They note rising bottoms and an ascending triangle formation that hints at potential momentum building in the coming months. This juxtaposition of perspectives reveals uncertainty, with bearish factors weighing heavily against optimistic signals for short-term 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.
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(XLK-N) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 1
Technology Select Sector SPDR Fund(XLK-N) Frequently Asked Questions
What is Technology Select Sector SPDR Fund stock symbol?
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
Is Technology Select Sector SPDR Fund a buy or a sell?
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.
Is Technology Select Sector SPDR Fund a good investment or a top pick?
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.
Why is Technology Select Sector SPDR Fund stock dropping?
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.
Is Technology Select Sector SPDR Fund worth watching?
1 stock analyst on Stockchase covered Technology Select Sector SPDR Fund In the last year. It is a trending stock that is worth watching.
What is Technology Select Sector SPDR Fund stock price?
On 2025-05-06, Technology Select Sector SPDR Fund (XLK-N) stock closed at a price of $213.67.
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.