Technology Select Sector SPDR Fund · XLK
etfTechnology
Last updated: February 26, 2026
Capital has been gradually leaving Technology Select Sector SPDR Fund. The Flow & Accumulation Score sits at 27/100, with Chaikin Money Flow at -0.01 indicating net selling pressure over the past 20 trading days. The trend is under pressure, with the Trend & Momentum Score at 31/100, indicating a developing downtrend. The Risk Profile Score sits at 67/100, reflecting a reasonable return-to-risk balance.
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Where is money flowing?
VWAP: Below 50d ($142.75) and 200d ($200.52)
Capital is leaving Technology Select Sector SPDR Fund. The Flow & Accumulation Score reads 27/100, indicating distribution — selling pressure is outweighing buying pressure over the measurement period. Chaikin Money Flow at -0.01 and On-Balance Volume (flat) provide a mixed picture of flow dynamics.
What is the trend?
| MA Period | Value | Price vs MA | Distance |
|---|---|---|---|
| 10-day | 140.31 | Above | +0.5% |
| 21-day | 141.63 | Below | -0.4% |
| 50-day | 143.48 | Below | -1.7% |
| 100-day | 143.91 | Below | -2.0% |
| 200-day | 135.78 | Above | +3.9% |
The trend in Technology Select Sector SPDR Fund is negative. The Trend & Momentum Score reads 31/100, with price below the 50-day and 200-day moving averages — the intermediate trend structure has broken down. Price has dipped below the 50-day average (-1.7%) while remaining above the 200-day (3.9%) — a pullback within a still-intact long-term uptrend.
Is momentum building or fading?
Short-term momentum is fading even as the longer-term trend remains positive. The 10-day rate of change has turned negative (-1.4%) while the 63-day (1.0%) remains positive — a pattern that often signals a pullback within an uptrend. RSI at 48 sits near the midline — momentum is essentially neutral, with neither buyers nor sellers showing clear dominance. The MACD histogram remains positive despite the short-term momentum dip — the broader momentum trend has not yet shifted, though the histogram direction warrants monitoring.
How extended is this move?
Price sits 1.7% below the 50-day moving average — near or slightly below the intermediate trend line (23rd percentile of its historical range). Bollinger Band %B at 0.48 places price near the middle of its recent range — neither stretched to the upside nor oversold to the downside.
Where are the key levels?
$133.72 – $151.26
No strong confluence support zone is currently identified — the 52-week low at $135 (4% below) is the next major structural reference. Overhead, a strong resistance cluster at $134 — $151 (1% above) needs to clear — intermediate swing at $135, major swing at $139, double bottom at $140, double top at $147, and 10 other signals. The volume profile shows the highest activity around $145 (Point of Control), with the 70% value area spanning $135 to $271. The 52-week high at $306 sits 117% above, with price at the 3% mark of its annual range.
How does this compare?
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What risk am I taking?
The risk-return profile of Technology Select Sector SPDR Fund is good. The Risk Profile Score reads 67/100 — the return adequately compensates for the risk involved, with no major red flags in the drawdown or volatility metrics. The 1-year Sortino Ratio of 1.0 is acceptable — returns have been reasonable relative to the downside experienced. The largest drawdown over the past year was -22.1%.
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Direction Assessment
Confirmed uptrend with capital inflow
Uptrend without volume support
Capital flowing in, trend not yet established
Downtrend with capital outflow
Good risk/reward. Standard positioning appropriate.
The combined signal is weak. Both trend (31/100) and flow (27/100) confirm bearish conditions — the asset is trending down with capital leaving. The Risk Profile Score at 67/100 sits in unremarkable territory — in a weak directional environment, the risk metrics become important for sizing decisions.
Conclusion
Across the framework, Technology Select Sector SPDR Fund is in a weak position. Trend, flow, and momentum are aligned to the downside — the data does not currently support a bullish stance. No single indicator is at an extreme — the readings are within normal ranges across the framework, which itself is informative. These scores update daily as new data arrives. Flipside does not predict what happens next — it shows what is happening now, grounded in the data.