XLK Stock Summary and Trading Ideas (Technology Select Sector SPDR | ARCA:XLK)

The Technology Select Sector SPDR Fund before expenses seeks to closely match the returns and characteristics of the Technology Select Sector Index (ticker: IXT).

Technology Select Sector SPDR trades on the ARCA stock market under the symbol XLK.

As of April 18, 2024, XLK stock price declined to $196.58 with 7,569,025 million shares trading.

XLK has a beta of 1.27, meaning it tends to be more sensitive to market movements. XLK has a correlation of 0.69 to the broad based SPY ETF.

XLK has a market cap of $61.79 billion. This is considered a Large Cap stock.

In the last 3 years, XLK stock traded as high as $212.35 and as low as $112.97.

XLK has outperformed the market in the last year with a return of +32.8%, while the SPY ETF gained +22.3%. However, in the most recent history, XLK shares have underperformed the stock market with its stock returning +2.7% in the last 3 month period and -5.2% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.

XLK support price is $196.50 and resistance is $201.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XLK stock will trade within this expected range on the day.