Category: Stock & ETF Research

XLK, the Technology Select Sector SPDR Fund ETF has had a seesaw of a year, gaining +16.72% over the past year, including a remarkable +51.89% since their 52-week low in April of 2025, while sitting just -2.54% below their 52-week high set last week (all figures are ex-distributions).

Much of this is due to the hype surrounding Artificial Intelligence, chips & Semiconductors, as well as many of the other cloud, hardware & software names that have been prominent for many years.

Some of their largest holdings include NVIDIA Corp. (NVDA), Microsoft Corp. (MSFT), Apple Inc. (AAPL), Broadcom Inc. (AVGO), Palantir Technologies Inc. (PLTR), Advanced Micro Devices (AMD), Cisco Systems Inc. (CSCO), Salesforce Inc. (CRM) & International Business Machines Corp. (IBM).

Markets are hovering near all-time highs, which means it is wise to be prepared for a pull-back, which as I’ve noted before will likely be lead by the NASDAQ & the tech names that heavily comprise the index, making it a wise idea to check in on volume sentiments from recent history for XLK.

The note below can be beneficial for understanding the broader market, as well as for assessing the strength or weakness of any component stock holdings.

It is also designed for analyzing the strength/weakness of support/resistance levels for XLK, which can be beneficial for making decisions about positioning.

It is not intended as financial advice, just something to consider when performing your own due diligence.

Technical Analysis Of XLK, The Technology Select Sector SPDR Fund ETF

Their RSI is a hair above the neutral mark, sitting at 50.14, while their MACD is bearish & its histogram suggests that this will be the prevailing trend in the near-to-mid-term.

Volumes have been +27.2% higher than the prior year’s average this past week & a half (6,645,714 vs. 5,224,622), which should raise eyebrows given that three of the top four highest volume sessions in that time were on declines.

Last week began on a note similar to QQQ & the other major indexes (weekly note here), with the day’s candle being just shy of forming a bearish engulfing pattern with the prior Friday’s, with light volume adding to the uncertainty.

Tuesday opened lower, declined down to test the support of the 10 day moving average, before plowing higher for a daily advance of +1.55%, but again, volume was lackluster & it became clear that there was a bit of fear in the air.

Wednesday opened on a gap higher to set a new all-time high, but profits were taken & the highest advancing session of the period described wound up closing lower than it opened, again signaling that market participants were looking for the door.

Thursday brought the beginning of the exodus, when the highest volume session of the week & a half period opened on a gap down, and was only able to close higher than it opened due to the high volume of traders, but the bearish sentiment had entered the room.

Friday opened lower & set the stage for a cool down period, declining to test the 10 DMA’s support, but not breaking down through it & it was able to close above the support level heading into the weekend, but it appeared wounded.

Monday opened the new week up in-line with the 10 day moving average, & managed to squeak out an advance of +0.21%, but the low volume was unconvincing & forebode that there was trouble on the horizon.

Tuesday featured the 10 day moving average’s support giving out on elevated volume, likely indicating that there is more pain on XLK’s near-term horizon & their RSI/MACD confirm that there’s a bit of room to run to the downside.

The upside case from here requires advances that are not due to gaps that have sustained high volume that is comparable to the past week & a half, but with less declining volume, as breaking through all-time highs eventually requires more steam to be maintained.

The consolidation case is XLK oscillates around the 10 DMA & then between the 10 & 50 DMA’s as the latter approaches closer to the price in the coming days.

The downside case begins with all eyes on the strength of the 50 day moving average, which resides in a historic Seller Zone (1.09:1), which is cause for caution as well, given that there is -5.3% between the 50 DMA & the next highest support level, which provides room for free fall.

The good news in the event that that happens is that between $240.75-242.31 there are a few support levels, but that loses meaning when you realize how close the 200 DMA is.

If that zone gets tested, the long-term trendline comes into play, which brings into play the possibility of the window created by the gap up in May being filled.

This makes it important to have a gauge as to how market participants have behaved historically at these price levels in order to gain insight into how they may behave again in the future.

The section below lays out the one year support & resistance levels of XLK, as well as the volume sentiment of the price levels that they’ve traded at over the past ~3 years.

Note that while there were some prices in that range below the table’s cut off point, the volumes there relative to the volumes at the levels listed were neglible & would continue the “NULL, 0:0*”‘s shown at the $110/share zone.

Price Level:Volume Sentiment Analysis For XLK, The Technology Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLK from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~3 years, using Tuesday 8/19/2025’s closing data for their price & moving averages/other technicals, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

The 10, 50 & 200 day moving averages are denoted with bold.

The next tables show the volume sentiment at each individual price level XLK has traded at over the past ~3 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLK.

$272 – NULL – 0:0*, +4.02% From Current Price Level

$268 – Buyers – 0.6:0*, +2.49% From Current Price Level

$264 – Buyers – 5.5:1, +0.96% From Current Price Level – 10 Day Moving Average*

$260 – Buyers – 2.31:1, -0.57% From Current Price Level – Current Price Level*

$256 – Buyers – 1.58:1, -2.1% From Current Price Level

$252 – Sellers – 1.09:1, -3.63% From Current Price Level – 50 Day Moving Average*

$248 – Even – 1:1, -5.16% From Current Price Level

$244 – Buyers – 0.6:0*, -6.69% From Current Price Level

$240 – Buyers – 3.23:1, -8.22% From Current Price Level

$236 – Buyers – 2.1:1, -9.75% From Current Price Level

$232 – Buyers – 1.53:1, -11.28% From Current Price Level – 200 Day Moving Average*

$228 – Sellers – 1.01:1, -12.81% From Current Price Level

$224 – Sellers – 1.02:1, -14.34% From Current Price Level

$220 – Buyer s- 1.23:1, -15.87% From Current Price Level

$216 – Buyers – 1.39:1, -17.4% From Current Price Level

$212 – Buyers – 1.18:1, -18.93% From Current Price Level

$208 – Buyers – 1.5:1, -20.46% From Current Price Level

$204 -Buyers – 1.49:1, -21.99% From Current Price Level

$200 – Buyers – 1.29:1, -23.52% From Current Price Level

$198 – Buyers – 1.84:1, -24.28% From Current Price Level

$196 – Sellers – 2.6:1, -25.04% From Current Price Level

$194 – Sellers – 4.45:1, -25.81% From Current Price Level

$192 – Buyers – 1.12:1, -26.57% From Current Price Level

$190 – Buyers – 1.32:1, -27.34% From Current Price Level

$188 – Buyers – 3.08:1, -28.1% From Current Price Level

$186 – Buyers – 2.11:1, -28.87% From Current Price Level

$184 – Buyers – 2.2:1, -29.63% From Current Price Level

$182 – Buyers – 1.55:1, -30.4% From Current Price Level

$180 – Sellers – 2.36:1. -31.16% From Current Price Level

$178 – Sellers – 1.38:1, -31.93% From Current Price Level

$176 – Buyers – 1.39:1, -32.69% From Current Price Level

$174 – Buyers – 2.4:0*, -33.46% From Current Price Level

$172 – Sellers – 1.44:1, -34.22% From Current Price Level

$170 – Buyers – 1.77:1, -34.99% From Current Price Level

$168 – Buyers – 2.24:1, -35.75% From Current Price Level

$166 – Buyers – 1.62:1, -36.52% From Current Price Level

$164 – Sellers – 1.85:1, -37.28% From Current Price Level

$162 – Buyers – 3.2:1, -38.05% From Current Price Level

$160 – Sellers – 1.17:1, -38.81% From Current Price Level

$158 – Sellers – 1.75:1, -39.58% From Current Price Level

$156 – Buyers – 0.9:0*, -40.34% From Current Price Level

$154 – Buyers – 3:1, -41.11% From Current Price Level

$152 – Sellers – 0.6:0*, -41.87% From Current Price Level

$150 – Buyers – 1.5:1, -42.64% From Current Price Level

$148 – Buyers – 1.65:1, -43.4% From Current Price Level

$146 – Even – 1:1, -44.17% From Current Price Level

$144 – Sellers – 6:1, -44.93% From Current Price Level

$142 – Buyers – 5:1, -45.7% From Current Price Level

$140 – Buyers – 1.96:1, -46.46% From Current Price Level

$138 – Sellers – 2.75:1, -47.23% From Current Price Level

$136 – Buyers- 1.9:1, -47.99% From Current Price Level

$134 – Buyers – 3:1, -48.76% From Current Price Level

$132 – Buyers – 1.06:1, -49.52% From Current Price Level

$130 – Buyers – 1.23:1, -50.28% From Current Price Level

$128 – Buyers – 2.5:1, -51.05% From Current Price Level

$126 – Sellers – 1.95:1, -51.81% From Current Price Level

$124 – Sellers – 1.04:1, -52.58% From Current Price Level

$122 – Buyers – 1.43:1, -53.34% From Current Price Level

$120 – Buyers – 1.44:1, -54.11% From Current Price Level

$118 – Sellers – 1.21:1, -54.87% From Current Price Level

$116 – Buyers – 1.6:1, -55.64% From Current Price Level

$114 – Sellers – 2.6:0*, -56.4% From Current Price Level

$112 – NULL – 0:0*, -57.17% From Current Price Level

$110 – NULL – 0:0*. -57.93% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLK AT THE TIME OF PUBLISHING THIS ARTICLE***

XLE, the SPDR Energy Select Sector SPDR Fund ETF has declined -5.45% over the past year, falling -9.1% from their 52-week high set in November of 2024, while advancing +17.58% since their 52-week low in April of 2025 (all figures ex-distributions).

Some of their largest holdings include Exxon Mobil Corp. (XOM), Chevron Corp. (CVX), ConocoPhillips (COP), EOG Resources Inc. (EOG), Williams Cos. Inc. (WMB), Kinder Morgan Inc. (KMI), Marathon Petroleum Corp. (MPC), Phillips 66 (PSX), Oneok Inc. (OKE), Schlumberger Ltd. (SLB).

Below is a brief technical analysis of XLE’s recent performance, along with an analysis of their volume sentiment at each price level they’ve traded at over the past ~2 years.

It is not financial advice, but rather an additional tool to reference while performing your own due diligence on XLE, as it shows how market participants have behaved previously at each price level.

This can be particularly useful when analyzing the strength/weakness of support/resistance levels.

Technical Analysis Of XLE, The Energy Select Sector SPDR Fund ETF

Their RSI is trending down towards the neutral 50 mark & is currently at 52.86, while their MACD is set to cross over bearishly during today’s session.

Over the past seven sessions volumes have been +4.94% higher than the previous year’s average (17,010,000 vs. 16,209,880.48), which is somewhat cause for concern giving that four of those seven sessions were declining; although the highest volume session was advancing volume.

While this doesn’t mean it’s time to panick, it’s certainly a time to keep a watchful eye in the near-term in the event that there is some more near-term declines.

Last Monday started off on a bearish note, as XLE opened on a gap down, attempted to retrace into the previous Friday’s price range, but was met with declines that briefly broke down through the support of the 10 day moving average & to the low of $85.30/share, before recovering to close above the 10 DMA.

Tuesday opened on a gap lower, tested the support of the 10 day moving average & then took off to the upside, breaking out above the 10 day moving average on the highest volume session of the period to close up +2.69% on the day.

Wednesday opened lower, broke out above Tuesdya’s close temporarily, but declined throughout the session to end lower & form a bearish harami pattern with a lower shadow that indicated that there was a bit of downside appetite among market participants.

Thursday opened on a gap lower, tested all the way down to $87.23, before rallying back to close +0.76% higher, forming a bullish engulfing pattern with Wednesday’s session.

This didn’t look particularly strong though, due to the low advancing volume & the lower shadow’s depth that indicated that there was strong consideration among market participants to send XLE lower.

Friday advanced into the weekend, but again, volumes were only ~62.5% of those from Tuesday, indicating that the bullish enthusiasm was waning.

Monday gave confirmation of that, when XLE declined -1.1%, dropping below the $88/share price level temporarily intra-day & volumes were higher than the prior two advancing sessions, as profits were taken off of the table to begin the week.

Tuesday the trend continued after a gap down open was unable to retrace far into Monday’s real body range, causing declines through the support of the 10 day moving average that led XLE -1.44%.

Investors had to re-think the strength of XLE’s long-term trendline, as it’s daily low was $86.77, while the 200 DMA was $86.76, just one penny away.

In terms of upside potential, the 10 DMA’s resistance will be the gatekeeper higher, which also happens to be a Seller dominated zone historically ($87-87.99).

Then the $89-90 zone will become important from a resistance standpoint, as the $88-88.99 zone is Buyer-centric historically & there are no resistance levels there.

These moves will require an uptick in advancing volume though to be sustainable for any length of time, as right now things appear rather flakey.

The consoldation case looks to be oscillations around the 200 DMA & as it draws nearer the 10 DMA as well while we await an upside or downside catalyst from this earnings season.

This will most likely come from tech if anything, as Banks have proven to not be able to move the needle far this earnings season & most of the large ones have already reported earnings, casting a grim outlook in the near-term.

Granted, the Fed’s Beige Book or Fed speakers this week could also start a fire that leads to the declining case.

The downside case begins with breaking out below the 200 DMA’s support, which has happened as I write this.

Should that occur, the door to the $85-85.99/share zone is left open, which has historically seen more Sellers than Buyers.

In the event that XLE passes through it, the 50 day moving average will be the place to look, which is currently in the $84-84.99/share zone, which is also a Seller zone.

In the event that the 50 DMA breaks down all eyes should focus on $83.13/share for support.

The section below lays out the one year support levels of XLE, as well as the volume sentiment of the price levels that they’ve traded at over the past ~2 years.

Note that while there were some prices in that range below the table’s cut off point, the volumes there relative to the volumes at the levels listed were neglible & would continue the “NULL, 0:0*”‘s shown at the $74/share zone.

Price Level:Volume Sentiment Analysis For XLE, The Energy Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLE from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~2 years, using Tuesday 7/15/2025’s closing data for their price & moving averages/other technicals, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

The 10, 50 & 200 day moving averages are denoted with bold.

The next tables show the volume sentiment at each individual price level XLE has traded at over the past ~2 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLE.

$95 – NULL – 0:0*, +9.35% From Current Price Level

$94 – Buyers – 1.2:0*, +8.2% From Current Price Level

$93 – Buyers – 1.33:1, +7.04% From Current Price Level

$92 – Buyers – 1.42:1, +5.89% From Current Price Level

$91 – Buyers – 2.57:1, +4.74% From Current Price Level

$90 – Buyers – 1.52:1, +3.59% From Current Price Level

$89 – Buyers – 2.31:1, +2.44% From Current Price Level

$88 – Buyers – 2.05:1, +1.29% From Current Price Level

$87 – Sellers – 1.04:1, +0.14% From Current Price Level – 10 Day Moving Average*

$86 – Buyers – 1.13:1, -1.01% From Current Price Level – Current Price Level & 200 Day Moving Average**

$85 – Sellers – 1.1:1, -2.16% From Current Price Level

$84 – Sellers – 1.08:1, -3.31% From Current Price Level – 50 Day Moving Average*

$83 – Buyers – 1.02:1, -4.47% From Current Price Level

$82 – Buyers – 2.22:1, -5.62% From Current Price Level

$81 – Sellers – 1.36:1, -6.77% From Current Price Level

$80 – Buyers – 1.46:1, -7.92% From Current Price Level

$79 – Sellers – 1.54:1, -9.07% From Current Price Level

$78 – Sellers – 2.28:1, -10.22% From Current Price Level

$77 – Sellers – 1.35:1, -11.37% From Current Price Level

$76 – Sellers – 3.18:1, -12.52% From Current Price Level

$75 – Sellers – 1:0*, -13.67% From Current Price Level

$74 – NULL – 0:0*, -14.83% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLE AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLRE, the Real Estate Select Sector SPDR Fund ETF has advanced +4.21% over the past year, adding +18.09% since their 52-week low in April of 2025, while sitting just -5.55% below their 52-week high from November of 2024 (all figures ex-distributions).

Some of their largest holdings include American Tower Corp. (AMT), Prologis Inc. (PLD), Welltower Inc. (WELL), Equinix Inc. (EQIX), Digital Realty Trust (DLR), Realty Income Corp. (O), Simon Property Group Inc. (SPG), Public Storage Company (PSA), Crown Castle Inc. (CCI) & CBRE Group Inc. Class A (CBRE).

Below is a brief technical analysis of XLRE’s recent performance, along with an analysis of their volume sentiment at each price level they’ve traded at over the past ~10 years.

It is not financial advice, but rather an additional tool to reference while performing your own due diligence on XLRE, as it shows how market participants have behaved previously at each price level.

This can be particularly useful when analyzing the strength/weakness of support/resistance levels.

Technical Analysis Of XLRE, The Real Estate Select Sector SPDR Fund ETF

Their RSI is trending higher towards overbought from the neutral 50 mark & sits currently at 56.6, while their MACD is bearish, but their histogram suggests that there may be a bullish crossover (even if just a brief dolphin hop) on the near-horizon.

Volumes since the beginning of last week were +4.61% higher than the prior year’s average (6,030,000 vs. 5,764,160), indicating complacency & a bit of a “wait & see” attitude among market participants, given that their price has been in a consolidation range in that time.

Last week kicked off with a gap down open following Friday’s high wave doji, where market participants were not in agreement about much other than risk off based on the size of the upper & lower shadows of the candle.

The days high was $42.05, the low was $41.23 & the consensus at the close was XLRE was just right at $41.48.

This was on the second highest volume of the last 6 sessions, supporting the wide range of the session.

Tuesday opened on a gap lower, but saw market participants piling back in to close the day higher than it opened & briefly break over $40.50/share, indicating that there was some upside appetite after the blugeoning of the day before.

Tuesday closed in-line with the 200 day moving average, as market participants had to decide how they valued XLRE vs. its long-term trend.

Wednesday opened in the same range, tested out lower to briefly break down thought he 50 day moving average’s support, but managed to close above its open & be in-line with the 10 & 200 day moving averages.

Thursday saw a spark of optimism after XLRE retraced back to the 50 DMA’s support, before rallying above the resistance of both the 10 & 200 DMA.

Friday started off with some day-over-day profit taking, opening on a gap down at the 50 DMA, going lower briefly before rallying back to close above its open & just above the 10 day moving average, but the volume was slightly suspicious & in the lower half of the 6 session window being discussed.

Monday opening in line with the 10 day moving average & managed to on the highest volume of the six days advance +0.67%.

As the table below will show, XLRE has more support levels below it than resistance levels above it based on the past year.

This makes the upside case more dependant on some type of important catalyst with sustainable advancing volume to see it continue higher in the near-term.

The $42.05 & $42.42/share price levels will be important re-tests if they’re approached.

While they reside in a Buyer zone historically, the $43-43.99/share price zone is a Seller zone, which may draw caution from other market participants should they reach $42.60.

The consolidation case looks much like the past two & a half months & will see XLRE oscillate around its primary three moving averages mentioned above waiting for a reason to break out up or breakdown, while remaining in the range that it’s been in.

The downside case gets interesting, as should it gap below the 10, 50 & 200 day moving averages it enters two seller domainated zones, $39-39.99 & $40-40.99/share.

Given the recent influx of advancing volume with limited price movements out of the consolidation period we’ve seen, this could wind up being caused by or spurring profit taking, in which case all eyes should be looking to see if the $38.76/share level holds up.

While this isn’t guaranteed, it is something to keep on your radar, particularly in the event of a broader market selloff.

The section below lays out the one year support levels of XLRE, as well as the volume sentiment of the price levels that they’ve traded at over the past ~10 years.

Note that while there were some prices in that range below the table’s cut off point, the volumes there relative to the volumes at the levels listed were neglible & would continue the “NULL, 0:0*”‘s shown at the $20/share zone.

Price Level:Volume Sentiment For XLRE, The Real Estate Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLRE from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~10 years, using Monday 7/14/2025’s closing data for their price & moving averages/other technicals, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

The 10, 50 & 200 day moving averages are denoted with bold.

The next tables show the volume sentiment at each individual price level XLRE has traded at over the past ~10 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLRE.

$46 – NULL – 0:0*, +9.92% From Current Price Level

$45 – Buyers – 2.67:1, +7.53% From Current Price Level

$44 – Buyers – 1.5:1, +5.14% From Current Price Level

$43 – Sellers – 1.13:1, +2.75% From Current Price Level

$42 – Buyers – 1.63:1, +0.36% From Current Price Level

$41 – Buyers – 1.27:1, -2.03% From Current Price Level – Current Price Level, 10 Day Moving Average, 50 Day Moving Average & 200 Day Moving Average****

$40 – Sellers – 1.07:1, -4.42% From Current Price Level

$39 – Sellers – 1.11:1, -6.81% From Current Price Level

$38 – Buyers – 1.52:1, -9.2% From Current Price Level

$37 – Sellers – 1.04:1, -11.59% From Current Price Level

$36 – Buyers – 1.12:1, -13.98% From Current Price Level

$35 – Buyers – 1.21:1, -16.37% From Current Price Level

$34 – Buyers – 1.17:1, -18.76% From Current Price Level

$33 – Sellers – 1.05:1. -21.15% From Current Price Level

$32 – Buyers – 1.17:1, -23.54% From Current Price Level

$31 – Buyers – 1.42:1, -25.93% From Current Price Level

$30 – Sellers – 1.53:1, -28.32% From Current Price Level

$29 – Buyers – 1.47:1, -30.7% From Current Price Level

$28 – Buyers – 1.27:1, -33.09% From Current Price Level

$27 – Buyers – 1.12:1, -35.48% From Current Price Level

$26 – Buyers – 2.06:1, -37.87% From Current Price Level

$25 – Buyers – 1.15:1, -40.26% From Current Price Level

$24 – Buyers – 1.29:1, -42.65% From Current Price Level

$23 – Buyers – 1.19:1, -45.04% From Current Price Level

$22 – Sellers – 1.41:1, -47.43% From Current Price Level

$21 – Sellers – 5.33:1, -49.82% From Current Price Level

$20 – NULL – 0:0*, -52.21% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLRE AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLU, the Utilities Select Sector SPDR Fund ETF has advanced +14.84% this past year, having gained +19.62% since it’s 52-week low in July of 2024, while sitting -2.78% below it’s 52-week high set in June of 2025 (all figures ex-distributions).

Much of their success has been due to the realization that the AI & data center boom is going to require a lot more energy than we currently produce, which is great for utility companies’ outlooks.

Some of their top holdings include NextEra Energy Inc. (NEE), The Southern Co. (SO), Constellation Energy (CEG), Duke Energy Corp. (DUK), Vistra Corp. (VST), American Electric Power (AEP), Sempra (SRE), Dominion Energy Inc. (D), Exelon Corp. (EXC) & Public Services Enterprise (PEG).

Given that the S&P 500 & NASDAQ are within striking distance of their all-time highs & the Russell 2000 has just poked its head out above the 200 day moving average (long-term trend line), it is worth taking a look at how XLU has performed historically, as in the event of a broader market pullback some market participants may use XLU as a temporary flight to safety.

Below is a brief technical analysis of XLU’s recent performance, along with an analysis of their volume sentiment at each price level they’ve traded at over the past ~4 years.

It is not financial advice, but rather an additional tool to reference while performing your own due diligence on XLU, as it shows how market participants have behaved previously at each price level.

This can be particularly useful when analyzing the strength/weakness of support/resistance levels.

Technical Analysis Of XLU, The Utilities Select Sector SPDR Fund ETF

Their RSI is just above the neutral level at 52.37, while their MACD has been bearish since the beginning of June.

Volumes have been +22.86% higher than the past year’s average levels over the past week & a half (13,121,428.57 vs. 10,679,920), which is slight cause for concern coming off of their 52-week high, which occurred on a not-so-bullish session.

Last Monday saw XLU open on a slight decline, just above the 10 day moving average’s support, which it tested intraday, but remained sturdy & forced XLU higher to close as an advancing session with sturdy advancing volume.

Tuesday began to show signs of cracks, as XLU opened on a large gap up to above their upper Bollinger band, hitting a high of $83.17 (52-week high) before crumbling down to $81.74/share & recovering during the day to close below its opening price at $82.40.

This showed a lot of intraday profit taking, as well as folks taking chips off of the table following the run up of the previous three sessions & set the stage for more profit taking heading into the end of the week.

Wednesday opened on a gap down & everyone was jumping out of the pool, forcing XLU’s price lower to break down the support of the 10 day moving average, breaking the short-term trend on the highest volume that XLU has seen since early April 2025.

Thursday opened higher, but the theme of declines carried on & XLU crossed below the 20 day moving average, leaving a lower shadow that indicated that there was more downside than upside sentiment still lurking.

Friday also showed a lack of enthusiasm for XLU, as a gap up open quickly broke down to expose a lower shadow that went down to new depths not seen since late May, indicating that there was beginning to be a sense of fear in the market.

Volumes were about even with the previous day’s outflow volume, and the resistance of the 10 day moving average remained resilient to the upside.

The day’s candle was a hanging man despite not being in a true uptrend & it closed below its opening price, indicating that there is more danger on the horizon for XLU.

Monday opened up on a gap down, tried to rally & test higher but was rejected by the resistance of the 10 day moving average, and it all went downhill from there to close the day out as a declining session on volumes that were higher than the previous two days’.

Tuesday opened on a gap up, but again was unable to gather any steam to the upside & reversed well short of the 10 DMA, before sliding down to $80.25 before closing at $80.86 as a doji candle, indicating that there was a bit of uncertainty in the air.

While the day managed to advance, it also formed a bearish harami cross, which when paired with the deep lower shadow looks like there is more downside appetite for XLU on the horizon.

It is also worth noting that there was a bit of intraday profit taking & cutting losses short, as the sessions volume suggests, but the overall sentiment is still not enthusiastic in the near-term.

To the upside, the 10 day moving average will be the primary area of focus, as if it is broke through then XLU has one remaining test before retesting their 52-week high.

The 10 DMA is also an area of interest in the consolidation case, where prices would oscillate around the range that they’ve been in the past few sessions & around the 10 DMA while awaiting an upside or downside catalyst.

To the downside there is a solid amount of support in the $79-79.99/share zone, but should that break down & the $78/share level be encroached we will see a test of the long-term moving average.

This is important as it marks long-term sentiment & outlook, while also having a great deal of Seller dominated zones directly beneath it (four of the next five down, with the one non Seller zone being historically gridlocked between Buyers & Sellers).

The table in the section below is worth reviewing to assess the strength of each price level XLU may trade at in the coming weeks-to-months & can be used as a tool for evaluating the strength/weakness of support/resistance levels when they get re-tested, based on XLU’s performance over the past ~4 years.

Again, recall that this is not financial advice, but is meant to serve as an additional tool to use in doing your own due diligence on XLU.

Price Level:Volume Sentiment Analysis For XLU, The Utilities Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLU from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~4 years, using Tuesday 6/10/2025’s closing data for their price & moving averages/other technicals.

The 10, 50 & 200 day moving averages are denoted with bold.

The next tables show the volume sentiment at each individual price level XLU has traded at over the past ~4 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLU.

The following section lays out XLU’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~4 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

$84 – NULL – 0:0*, +3.88% From Current Price Level

$83 – NULL – 0:0*, +2.65% From Current Price Level

$82 – Buyers – 0.7:0*, +1.41% From Current Price Level

$81 – Buyers – 8:1, +0.17% From Current Price Level – 10 Day Moving Average*

$80 – Even – 1:1, -1.06% From Current Price Level – Current Price Level*

$79 – Buyers – 1.54:1, -2.3% From Current Price Level – 50 Day Moving Average*

$78 – Buyers – 1.79:1, -3.54% From Current Price Level – 200 Day Moving Average*

$77 – Sellers – 1.5:1, -4.77% From Current Price Level

$76 – Sellers – 2.17:1, -6.01% From Current Price Level

$75 – Even – 1:1, -7.25% From Current Price Level

$74 – Sellers – 1.8:1, -8.48% From Current Price Level

$73 – Sellers – 4:1, -9.72% From Current Price Level

$72 – Buyers – 1:0*, -10.96% From Current Price Level

$71 – Buyers – 6.5:1, -12.19% From Current Price Level

$70 – Buyers – 2.25:1, -13.43% From Current Price Level

$69 – Buyers – 1.54:1, -14.67% From Current Price Level

$68 – Sellers – 1.19:1, -15.9% From Current Price Level

$67 – Sellers – 1.2:1, -17.14% From Current Price Level

$66 – Buyers – 1.33:1, -18.38% From Current Price Level

$65 – Buyers – 1.47:1, -19.61% From Current Price Level

$64 – Buyers – 1.33:1, -20.85% From Current Price Level

$63 – Buyers – 1.3:1, -22.09% From Current Price Level

$62 – Buyers – 1.08:1, -23.32% From Current Price Level

$61 – Buyers – 1.13:1, -24.56% From Current Price Level

$60 – Sellers – 1.1:1, -25.8% From Current Price Level

$59 – Sellers – 1.17:1, -27.03% From Current Price Level

$58 – Buyers – 1.2:1, -28.27% From Current Price Level

$57 – Sellers – 1.38:1, -29.51% From Current Price Level

$56 – Sellers – 1.11:1, -30.74% From Current Price Level

$55 – Buyers – 1.45:1, -31.98% From Current Price Level

$54 – Buyers – 1.46:1, -33.22% From Current Price Level

$53 – Sellers – 2.75:1, -34.45% From Current Price Level

$52 – Selelrs – 2.33:1, -35.69% From Current Price Level

$51 – NULL – 0:0*, -36.93% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLU AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLP,the Consumer Staples Select Sector SPDR Fund ETF has advanced +6.18% over the past year, and is up +9.51% from its 52-week low set in April of 2025, while sitting just -2.05% below its 52-week high set in September of 2024 (per data from Investing.com, all figures are ex-distributions).

Some of their top holdings include Costco Wholesale Corp. (COST), Walmart Inc. (WMT), Proctor & Gamble Co. (PG), Phillip Morris International (PM), Coca Cola Co. (KO), Altria Group (MO), Mondelez International Inc. (MDLZ), Colgate Palmolive (CL), Pepsico Inc. (PEP) & Kimberly Clark Corp. (KMB).

While XLP is so close to it’s 52-week high it is a good time to check in on its historic volume sentiment from the past ~9 years to gain insight into how it may trade in any upcoming upside or downside re-tests, particularly around pivotal support/resistance levels.

Below is a brief technical analysis of XLP, as well as a price level:volume sentiment analysis of each of the price levels XLP has traded at over the past ~9 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past market participant behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLP.

Technical Analysis Of XLP, The Consumer Staples Select Sector SPDR Fund ETF

Their RSI is beginning to trend downward & currently sits at 58.33, while their MACD is bullish, but its histogram is flat, indicating that there is not a great deal of enthusiasm following their past week and a half.

Volumes have been +23.91% higher than the prior year’s average over the past week & a half (14,098,333.33 vs. 11,377,920), which is important to note asmost of it came on the past three sessions & went advance, advance, decline.

Last week began on a gap up session after the long holiday weekend, where Tuesday advanced +0.91%.

Wednesday opened lower, tested higher to break above the $82.50/share level temporarily, before declining down to the support of the 10 day moving average & closing the day for a loss just above the short-term trend line.

Wednesday had the weakest volume of all of the past week & a half, indicating that there is still “buy & hold” sentiment in the air for the Consumer Staples names, but that there is caution as well as the session hugged the 10 day moving average in the end.

Thursday opened slightly higher, showed that there was extreme downside appetite when the $81.50/share mark was temporarily broken through as short-term profits continued to be taken from Tuesday’s gap up, but Buyers came to the rescue & forced the close higher, forming a weak looking bullish harami pattern.

Friday saw the a major influx of both price & volume for XLP, as the session opened below the 10 DMA’s resistance, broke out above it on the highest volume since mid-May & touched a high price of $83.19/share, before closing up +0.88% for the day.

While the high volume was a sign in the right direction, the tall upper shadow on the day’s candle indicates that there was a solid deal of intraday profit taking taking place & that more could be on the horizon.

Opening this week, Monday featured a lower open, a decline that retested & temporarily broke through the support of the 10 day moving average, before a rally to close +0.06% higher day-over-day.

While the volume was similar to Friday’s (but slightly lower), the day’s lower shadow indicates that there is a severe amount of discomfort & hesitency among market participants at these high price levels.

Tuesday is when the real weakness began to be exposed though, as XLP opened lower, retraced down to re-test the support of the 10 day moving average, which held up before XLP rallied to close above its open, but there was a lot of profit taking & hints of fear beginning to emerge.

The amount of volume from the session also shows that there was strong sentiment to get out of the pool/take profits, which is a theme that is likely to continue in the near-term, particularly after today’s employment data & the upcoming FOMC Minutes.

XLP’s upside case isn’t much to write about, as they’re ~2% off of their all-time high, which would be the target price to be watching for in the near-term in terms of advances, before watching to see if there is an upside breakout.

In the event that there is, you’ll want to see high volume levels that are sustained for a bit of time before buying into anything long-term at these levels.

The consolidation case has been made recently by daily lows & lower shadows, as they all seem to revert back to the 10 day moving average (short-term trendline), which would mean that any consolidation would likely oscillate around the 10 DMA until we see an upside or downside catalyst.

To the downside, there is a healthy amount of support touchpoints into the $82-82.99/share zone, however, should they break down, the $81-81.99/share price zone is Seller dominated historically over near the past decade, which will likely mean that we will see some selling pressure should prices dip to those levels.

The $80-80.99/share price level is also Seller dominated, with the $79-79.99/share zone being a Buyer zone historically, before more Seller zones emerge.

Should the 200 day moving average break down, more than likely the $79/share level breaks down, exposing XLP to a great deal of Seller pressure.

While the names covered in this ETF are Consumer Staples, it does not make the downside scenario above impossible.

The section below outlines the volume sentiment at each price level XLP has traded at over the past ~9 years & can be used to assess the strength/weakness of the support/resistance levels & price levels that XLP retests in the coming weeks.

This can aid in understanding how market participants may behave again at each level.

Price Level:Volume Sentiment Analysis For XLP, The Consumer Staples Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLP from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~9 years, using Tuesday 5/3/2025’s closing data for their price & moving averages/other technicals.

The 10, 50 & 200 day moving averages are denoted with bold.

The next tables show the volume sentiment at each individual price level XLP has traded at over the past ~9 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLP.

The following section lays out XLP’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~9 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

$84 – NULL – 0:0*, +1.45% From Current Price Level

$83 – Buyers – 0.3:0*, +0.24% From Current Price Level

$82 – Buyers – 2.5:1, -0.97% From Current Price Level – Current Price & 10 Day Moving Average**

$81 – Sellers – 1.3:1, -2.17% From Current Price Level – 50 Day Moving Average*

$80 – Sellers – 1.25:1, -3.38% From Current Price Level – 200 Day Moving Average*

$79 – Buyers – 2.38:1, -4.59% From Current Price Level

$78 – Sellers – 2.33:1, -5.8% From Current Price Level

$77 – Buyers – 1.67:1, -7% From Current Price Level

$76 – Sellers – 1.18:1, -8.21% From Current Price Level

$75 – Sellers – 1.33:1, -9.42% From Current Price Level

$74 – Buyers – 1.5:1, -10.63% From Current Price Level

$73 – Buyers – 1.43:1, -11.84% From Current Price Level

$72 – Buyers – 1.25:1, -13.04% From Current Price Level

$71 – Buyers – 1.32:1, -14.25% From Current Price Level

$70 – Sellers – 1.14:1, -15.46% From Current Price Level

$69 – Buyers – 1.18:1, -16.67% From Current Price Level

$68 – Buyers – 1.04:1, -17.87% From Current Price Level

$67 – Sellers – 1.07:1, -19.08% From Current Price Level

$66 – Sellers – 1.15:1, -20.29% From Current Price Level

$65 – Buyers – 1.43:1, -21.5% From Current Price Level

$64 – Buyers – 1.16:1, -22.71% From Current Price Level

$63 – Sellers – 1.3:1, -23.91% From Current Price Level

$62 – Sellers – 1.07:1, -25.12% From Current Price Level

$61 – Sellers – 4:1, -26.33% From Current Price Level

$60 – Buyers – 4.5:1, -27.54% From Current Price Level

$59 – Buyers – 1.06:1, -28.74% From Current Price Level

$58 – Buyers – 1.14:1, -29.95% From Current Price Level

$57 – Buyers – 2:1, -31.16% From Current Price Level

$56 – Sellers – 1.46:1, -32.37% From Current Price Level

$55 – Buyers – 1.54:1, -33.57% From Current Price Level

$54 – Buyers – 1.31:1, -34.78% From Current Price Level

$53 – Buyers – 1.5:1, -35.99% From Current Price Level

$52 – Buyers – 1.26:1, -37.2% From Current Price Level

$51 – Buyers – 1.29:1, -38.41% From Current Price Level

$50 – Even – 1:1, -39.61% From Current Price Level

$49 – Sellers – 1.31:1, -40.82% From Current Price Level

$48 – Buyers – 1.22:1, -42.03% From Current Price Level

$47 – Buyers – 1.04:1, -43.24% From Current Price Level

$46 – Buyers – 1.3:1, -44.44% From Current Price Level

$45 – Buyers – 1.32:1, -45.65% From Current Price Level

$44 – Buyers – 1.08:1, -46.86% From Current Price Level

$43 – Sellers – 1.12:1, -48.07% From Current Price Level

$42 – Sellers – 1.08:1, -49.28% From Current Price Level

$41 – Buyers – 1.2:1, -50.48% From Current Price Level

$40 – Sellers – 0.7:0*, -51.69% From Current Price Level

$39 – NULL – 0:0*, -52.9% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLP AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLV, The Health Care Select Sector SPDR Fund ETF has remained near-perfectly flat Y-o-Y, dipping only -0.04%, while having fallen -12.06% since their 52-week high in September of 2024, while sitting +8.27% above their 52-week low set in April of 2025 (all figures ex-distributions).

Some of their largest holdings include Eli Lilly & Co. (LLY), UnitedHealth Group Inc. (UNH), Johnson & Johnson (JNJ), AbbVie Inc. (ABBV), Abbott Laboratories (ABT), Merck & Co. Inc. (MRK), Intuitive Surgical Inc. (ISRG), Thermo Fisher Scientific (TMO), Amgen Inc. (AMGN) & Boston Scientific Corp. (BSX).

Given how close their 52-week low was & how sharp the V-shape of their rally since has gone, it is a good time to check in on the volume sentiments at of the prices they’ve traded at in recent history.

Below is a brief technical analysis of XLV, as well as a price level:volume sentiment analysis of each of the price levels XLV has traded at over the past ~3 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past market participant behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLV.

Technical Analysis Of XLV, The Health Care Select Sector SPDR Fund ETF

Their RSI has just bullishly advanced over the neutral 50-mark & currently sites at 53.16, while their MACD is still bullish after crossing over the signal line last week.

Volumes have been -9.64% vs. the prior year’s average over the past week & a half (7,012,500 vs. 7,760,714.29), which casts a light of skepticism on their recent bull run though, especially after all of the declining volume of early April, as it signals that there is still a great deal of uncertainty out there.

Last Monday opened on a gap down session with low volume that dipped as low as $131.56/share before closing at $132.57/share.

Tuesday opened midway between the range of XLV’s Monday candle’s real-body, tested lower briefly, before powering higher & closing just below Monday’s opening price to form a bullish harami pattern, which spurred the rally that we’ve witnessed since.

Wednesday opened on a gap higher above the 10 day moving average’s resistance, indicating that there is a short-term change in sentiment for XLV, but there were signs that this is not necessarily going to be long-lived.

While Wednesday was able to rally as high as $137.93/share, it was also pushed below the session to as low as $135.13/share to close below the 10 day moving average’s resistance at $135.73/share, as the highest volume of the past week & a half was attributed to intraday profit taking.

Thursday opened slightly higher, but below the 10 DMA, tested lower & found footing near Wednesday’s lows & managed to break above & close higher than the 10 DMA.

Friday opened on a gap up, retraced almost entirely all the way down Thursday’s candle’s real body, before breaking out higher to close above the $138/share mark.

The theme of these deep day-over-day retests (which have continued each day since), which also adds to the skepticism behind the strength of the rally, as it shows that there has still been a strong sense to stay close to the 10 day moving average & that there may be a bit of day-over-day profit taking happening.

This week kicked off on a gap up open for XLV, briefly breaking $139/share intra-day, to the upside, but also briefly breaking down below the $138/share level & the session resulted in ambiguity as the day’s candle closed as a spinning top.

This uncertainty will lead to an interesting next couple of days, particularly as we watch to see if there is any form of bearishness heading into the weekend/on the open of next week.

Tuesday also showed a wide range of indecision with the high waves on the day’s candle, which based on the small uptick in volume was also likely the result of a bit of intraday profit taking as the price moved further from the short-term trend line.

Wednesday opened on a gap up, but began showing cracks in the enthusiasm, as prices retraced down beyond the $139/share level & temporarily to below Tuesday’s opening price, before managing to find footing & rally higher into the close.

This indicates that there is likely to be more downside pressure on the horizon & that there is a growing appetite for profit taking in the wake of the recent run up.

The narrow tweezer v-shaped recovery also looks like it will be unsustainable in the long-run & that there will be some form of declines on the horizon.

To the upside the first price level to be watching is $141.71, which is the high from April 4, 2025, as a retest of that that is unsuccessful is likely to indicate that there’s a consolidation coming.

Should it be broken through, there is a resistance zone between $142.73 (50 Day Moving Average) & $145.81/share (200 Day Moving Average) where there are eight total resistance touch-points (9 if you count the resistance level $0.04 above the 200 DMA) before the levels become less condensed.

What’s particularly troubling here is that each of those levels resides in a Seller dominated price level per the past ~3 years.

This makes it seem that we won’t be seeing any breakout above the long-term trend line’s (200 DMA) resistance for quite some time, unless it involves a high volume gap above it (and even then, it’s unlikely to sustain for long).

What’s more likely is that we see continued consolidation that oscillates around the 10 day moving average, as there is quite a bit of uncertainty still remaining in the market.

This is also in part because the price zones between the current price & the 10 DMA’s support are historically Seller dominated, but the 10 DMA resides in a Buyer oriented zone historically.

Another interesting point to watch there ties into the bear case, as while there are seven support levels between Wednesday’s closing price & the bottom of XLV’s one year chart, the lowest is at $129.66, which is the bottom point of the consolidation range mentioned above.

This likely will be why unless there is a major earnings disappointment, the XLV’s price will be following the 10 DMA & swimming around it like the remoras that swim around sharks & whales until we get an upside or downside catalyst.

One thing is for certain though, no heightened volume, no serious breakout in either direction, particularly after the subdued volume levels of the past year vs. the years prior.

With that said, it’s worth reviewing the tables in the section below, as well as the past 1,2 & 3 year charts (and other longer-dated ones based on your time horizons, but given this is ~3 years of data that’s a good idea to review) & assess where XLV might find its support & resistance, and reference the data below.

The section below outlines the volume sentiment at each price level XLV has traded at over the past ~3 years & can be used to assess the strength/weakness of the support/resistance levels & price levels that XLV retests in the coming weeks.

This can aid in understanding how market participants may behave again at each level.

Price Level:Volume Sentiment Analysis For XLV, The Health Care Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLV from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~3 years, using Wednesday 4/30/2025’s closing data for their price & moving averages/other technicals.

The 10, 50 & 200 day moving averages are denoted with bold.

The next tables show the volume sentiment at each individual price level XLV has traded at over the past ~3 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLV.

The following section lays out XLV’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~3 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

$158 – NULL – 0:0*, +12.48% From Current Price Level

$156 – NULL – 0:0*, +11.06% From Current Price Level

$154 – Buyers – 2:1, +9.63% From Current Price Level

$152 – Buyers – 1.56:1, +8.21% From Current Price Level

$150 – Sellers – 1.13:1, +6.78% From Current Price Level

$148 – Buyers – 2.75:1, +5.36% From Current Price Level

$146 – Buyers – 1.27:1, +3.94% From Current Price Level

$144 – Sellers – 1.33:1, +2.51% From Current Price Level – 200 Day Moving Average*

$142 – Sellers – 1.45:1, +1.09% From Current Price Level – 50 Day Moving Average*

$140 – Buyers – 1.41:1, -0.33% From Current Price Level – Current Price Level*

$138 – Sellers – 1.23:1, -1.76% From Current Price Level

$136 – Buyers – 1.04:1, -3.18% From Current Price Level – 10 Day Moving Average*

$134 – Even – 1:1, -4.61% From Current Price Level

$132 – Buyers – 1.07:1, -6.03% From Current Price Level

$130 – Buyers – 1.25:1, -7.45% From Current Price Level

$128 – Buyers – 1.47:1, -8.88% From Current Price Level

$126 – Buyers – 1.15:1, -10.3% From Current Price Level

$124 – Even – 1:1, -11.72% From Current Price Level

$122 – Sellers – 1.2:1, -13.15% From Current Price Level

$120 – Sellers – 1.13:1, -14.57% From Current Price Level

$118 – Sellers – 1.39:1, -16% From Current Price Level

$116 – Sellers – 1.24:1, -17.42% From Current Price Level

$114 – Buyers – 1.07:1, -18.84% From Current Price Level

$112 – Sellers – 3:1, -20.27% From Current Price Level

$110 – Buyers – 2.75:1, -21.69% From Current Price Level

$108 – Buyers – 2.89:1, -23.12% From Current Price Level

$106 – Sellers – 1.05:1, -24.54% From Current Price Level

$104 – Sellers – 1.31:1, -25.96% From Current Price Level

$102 – Buyers – 1.5:1, -27.39% From Current Price Level

$100 – Buyers – 1.4:1, -28.81% From Current Price Level

$99 – Even – 1:1, -29.52% From Current Price Level

$98 – Sellers – 1.82:1, -30.23% From Current Price Level

$97 – Sellers – 1.33:1, -30.95% From Current Price Level

$96 – Buyers – 1.17:1, -31.66% From Current Price Level

$95 – Buyers – 2.5:1, -32.37% From Current Price Level

$94 – Sellers – 1.2:1, -33.08% From Current Price Level

$93 – Buyers – 1.67:1, -33.79% From Current Price Level

$92 – Buyers – 2.25:1, -34.51% From Current Price Level

$91 – Sellers – 1.5:1, -35.22% From Current Price Level

$90 – Buyers – 1.4:1, -35.93% From Current Price Level

$89 – Sellers – 0.8:0*, -36.64% From Current Price Level

$88 – NULL – 0:0*, -37.35% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLV AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLY, the Consumer Discretionary Select Sector SPDR ETF has advanced +7.89% over the past year, having fallen -22.52% from their 52-week high in December of 2024, but having gained 11.82% since their 52-week low in August of 2024.

While some members of the sector have fared better than others, there has been doubts about the strength of the US consumers, which is evident based on XLY being back to less than 10% from where they were one year ago.

Some of their top holdings include Amazon.com Inc. (AMZN), Tesla Inc. (TSLA), Home Depot Inc. (HD), McDonald’s Corp (MCD), Booking Holdings Inc. (BKNG), TJX Companies Inc. (TJX), Lowe’s Cos. Inc. (LOW), Starbucks Corp. (SBUX), O’Reilly Automotive Inc. (ORLY) & Nike Inc. (NKE).

While earnings calls continue to provide us insight into the current & future strength of consumers & broader markets remain volatile it is important to have an understanding of how market participants have behaved in the past at each of XLY’s price levels.

This will be especially valuable in instances of support/resistance retests, as understanding how historically strong/weak each level is lends clues into the market’s broader sentiment about these price levels & how they may behave again at them.

Below is a brief technical analysis of XLY, as well as a price level:volume sentiment analysis of the price levels XLY has traded at over the past ~3 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLY.

Technical Analysis Of XLY, The Consumer Discretionary Select Sector SPDR Fund ETF

Their RSI is advancing back towards the neutral 50-level & currently sits at 43.81, while their MACD crossed over the signal line bullishly yesterday morning, but currently looks more set to dolphin & dip back below it in the short-term than actually lead to a meaningful advance.

Volumes have been +18.11% higher than the prior year’s average over the past six sessions (4,078,333.33 vs. 3,453,132.53), as while the heightened volume amid the volatility of the previous week has diluted significantly, there is still elevated participation levels.

Last Monday XLY opened on a gap up, tested a little higher, before ultimately plummeting to test below the $190/share level in a bearish session that closed below its opening price.

Tuesday opened on a gap lower, retraced about halfway through Monday’s real-body, but was unable to find enough traction & sunk lower on the day, with the day’s low touching $187.83, signaling that there was further downside appetite.

The 10 day moving average’s support managed to keep XLY afloat above it, but the day’s low range showed that it was not sturdy.

Wednesday proved this when a gap down open was unable to retrace back to Tuesday’s closing price & XLY declined below the $182.50/share level temporarily, before clawing back up to close at $184.24/share, below the 10 DMA’s support.

Thursday the holiday week wound down with a harami cross that was about midway between Wednesday’s daily range, indicating that there was a degree of uncertainty heading into the weekend, but market participants thought XLY was fairly valued within the prior day’s range & below the resistance of the 10 day moving average.

This week kicked off on a bearish note, as the highest volume session of the past six days occurred on a gap down that went as low as $177.97/share before recovering to close lower on the day at $180.45.

Yesterday showed the second highest volume of that window on an advancing session that closed just beneath the 10 DMA’s resistance, after briefly breaking above it intraday.

Taking a step back & looking at XLY’s chart it is also worth noting the death cross that occurred last week when their 50 day moving average crossed bearishly through their 200 day moving average, meaning that now price is furthest from their long-term trend line, but below it.

This likely means that there are more declines on the near-to-mid-term horizon for XLY, particularly as it fills the window created by today’s gap up open in the coming week(s).

Much like our weekly market review note has been saying for weeks, unless there is a sustainable uptick in advancing volume, any gains such as those seen so far this morning should be viewed with skepticism.

This is made even more true now that the long-term trend line has been death crossed.

Price will likely oscillate around the 10 day moving average while the 50 DMA approaches it & the market waits for a catalyst to the up or downside, likely to come as a result of earnings reports over the next couple of weeks & tariff negotiation results.

Another area to consider is the wide-range advancing session from 4/9/2025, which has not proven to be a reversal point just yet, but that has played host to XLY’s consolidation range within it’s real body.

If today’s candle does not manage to break above that high & the window remains open, that may trigger a loss of confidence & some profit taking that drives XLY’s price down to test the low of 4/7/2025 at $173.10.

While there are other support levels in that range, particularly the new ones that were resistance before this morning’s open, sentiment is not particularly strong currently, given XLY’s recent performance.

The section below outlines the volume sentiment at each price level XLY has traded at over the past ~3 years & can be used to assess the strength/weakness of the support/resistance levels & price levels that XLY retests in the coming weeks.

This can aid in understanding how market participants may behave again at each level.

Price Level:Volume Sentiment Analysis For XLY, The Consumer Discretionary Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLY from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~3 years, using Tuesday 4/22/2025’s closing data for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level XLY has traded at over the past ~3 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLY.

The following section lays out XLY’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~3 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

$240 – NULL – 0:0*, +29.14% From Current Price Level

$236 – Buyers – 1:0*, +26.98% From Current Price Level

$232 – Buyers – 2.4:1, +24.83% From Current Price Level

$228 – Buyers – 1.14:1, +22.68% From Current Price Level

$224 – Sellers – 1.03:1, +20.53% From Current Price Level

$220 – Sellers – 2.33:1, +18.38% From Current Price Level

$216 – Buyers – 1.7:1, +16.22% From Current Price Level

$212 – Sellers – 1.67:1, +14.07% From Current Price Level

$208 – Buyers – 1.7:1, +11.92% From Current Price Level

$204 – Sellers – 2:1, +9.77% From Current Price Level

$200 – Buyers – 5:1, +7.61% From Current Price Level – 50 & 200 Day Moving Averages**

$198 – Buyers – 1.56:1, +6.54% From Current Price Level

$196 – Buyers – 1.8:1, +5.46% From Current Price Level

$194 – Sellers – 5.33:1, +4.39% From Current Price Level

$192 – Sellers – 7:1, +3.31% From Current Price Level

$190 – Sellers – 1.73:1, +2.23% From Current Price Level

$188 – Buyers – 6.5:1, +1.16% From Current Price Level

$186 – Buyers – 1.7:1, +0.08% From Current Price Level – Current Price Level & 10 Day Moving Average**

$184 – Buyers – 5.75:1, -1% From Current Price Level

$182 – Buyers – 1.03:1, -2.07% From Current Price Level

$180 – Sellers – 1.6:1, -3.15% From Current Price Level

$178 – Buyers – 2.22:1, -4.22% From Current Price Level

$176 – Sellers – 1.25:1, -5.3% From Current Price Level

$174 – Sellers – 1.07:1, -6.38% From Current Price Level

$172 – Buyers – 1.36:1, -7.45% From Current Price Level

$170 – Buyers – 1.37:1, -8.53% From Current Price Level

$168 – Sellers – 1.08:1, -9.6% From Current Price Level

$166 – Buyers – 1.19:1, -10.68% From Current Price Level

$164 – Buyers – 3.47:1, -11.76% From Current Price Level

$162 – Sellers – 1.07:1, -12.83% From Current Price Level

$160 – Buyers – 1.5:1, -13.91% From Current Price Level

$158 – Buyers – 3.57:1, -14.99% From Current Price Level

$156 – Sellers – 1.11:1, -16.06% From Current Price Level

$154 – Sellers – 2.09:1, -17.14% From Current Price Level

$152 – Buyers – 1.32:1, -18.21% From Current Price Level

$150 – Buyers – 1.06:1, -19.29% From Current Price Level

$148 – Buyers – 1.16:1, -20.37% From Current Price Level

$146 – Sellers – 1.32:1, -21.44% From Current Price Level

$144 – Buyers – 2.32:1, -22.52% From Current Price Level

$142 – Sellers – 1.53:1, -23.59% From Current Price Level

$140 – Sellers – 1.64:1, -24.67% From Current Price Level

$138 – Sellers – 1.08:1, -25.75% From Current Price Level

$136 – Buyers – 1.17:1, -26.82% From Current Price Level

$134 – Sellers – 1.33:1, -27.9% From Current Price Level

$132 – Sellers – 4:0*, -28.97% From Current Price Level

$130 – Buyers – 1.38:1, -30.05% From Current Price Level

$128 – Buyers – 1.09:1, -31.13% From Current Price Level

$126 – Sellers – 1.36:1, -32.2% From Current Price Level

$124 – Sellers – 1.8:0*, -33.28% From Current Price Level

$122 – NULL – 0:0*, -34.36% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLY AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLC, the Communication Services Select Sector SPDR ETF has gained +12% over the past year, adding +17.19% since their 52-week low in April of 2024, but has lost -15.11% since their 52-week high set in February of 2025.

Their top holdings include Meta Platforms Inc Class A (META), Alphabet Inc. Class A (GOOGL), Alphabet Inc. Class C (GOOG), Netflix Inc. (NFLX), Take Two Interactive Software (TTWO), Live Nation Entertainment Inc. (LYV), Electronic Arts Inc (EA), T Mobile US Inc. (TMUS), Verizon Communications Inc. (VZ) & AT&T Inc. (T).

Below is a brief technical analysis of XLC, as well as a price level:volume sentiment analysis of the price levels XLC has traded at over the ~4 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLC.

Technical Analysis Of XLC, The Communication Services Select Sector SPDR ETF Fund

Their RSI is trending back towards oversold & sits currently at 39.91, after bouncing back from oversold territory last week, while their MACD line is at the signal line, but looks to either get rejected & head lower, and or we may see a dolphin jump over it briefly, which will ultimately be determined by today’s session.

Volumes over the past week & a half have been +130.71% higher than the prior year’s average (10,527,500 vs. 4,563,174.6), most due to last week’s volatility & have subsided now, as communications services names are beginning to look like a volatility safehaven.

It is important to note that the two highest volume sessions of this time period were advancing days, as it shows that there was positive sentiment amid uncertainty for XLC.

Last Monday marked a short-term reversal point for XLC, coming after back to back gap down sessions that broke down the long-term trend line (200 day moving average).

Volumes spiked to almost double that of the previous day’s levels, while XLC opened on a gap down, bounced off of the $84.02/share level & made a run up to $90.75, but intraday profits were taken, forcing the price to close at $87.35.

Tuesday kicked off on a gap up, but saw nowhere to run as the day’s upper shadow indicates & XLC profits were swept off of the board, exposing downside appetite to almost the $85/share level, but was able to close at $86.13/share.

Wednesday saw another gap down open & bounce off of the $84.97/share price level, before ripping higher to breach the $94/share level & ultimately close at $93.74/share, above the resistance of both the 10 & 200 day moving averages on what was by far the highest volume of the year.

As noted in this week’s weekly market review note, while this was a great storyline in terms of market participation, it did not show signs of short-term sustainability, which XLC & the major index ETFs all went on to show.

The whipsawing continued on Thursday, resulting in a bearish harami pattern, and the support of both the 10 & 200 day moving averages was broken down after that short-lived crossover.

The most important takeaway from Thursday’s session is the downside appetite that the day showed, as market participants were ok with sending XLC below $89/share, which will be important to watch as their moving averages begin to apply downwards pressure on the price.

Thursday’s volume indicated that there were a lot of folks happy to stay put, when comparing the profit taking of Thursday with the high volume of Wednesday.

Friday opened on a gap down, but was able to recover, test just below the short-term trend line (10 DMA), but there wasn’t enough volume to power it through to the upside.

This week the bearish sentiment crept back into XLC’s chart right off of the bat, as a gap up open was unable to break above the 200 DMA, and while the 10 DMA’s support held up, but the close was lower than the open, signaling that market participants had become exhausted & wanted to take some profits.

Tuesday confirmed this, as the day was rejected to the upside by the long-term trend line for a second consecutive day & while it held the $92/share mark, it formed a bearish harami with Monday’s pattern & closed as a very small spinning top, which is not a vote of confidence.

Yesterday confirmed this when XLC opened on a gap down, broke through the support of the 10 day moving average, and only sunk lower, at one point breaking below $89/share to close at $89.63/share, a -2.69% decline.

There is little upside sentiment right now, and while XLC has seen some massive inflows of advancing volume over the past couple of weeks, it will require a great deal of higher, consistent advancing sessions before a bottom is in.

To the downside there is strong Buyer sentiment at $88-88.99 & $87-87.99/share (see table below), but this may be where we see those ratios become diluted in the event of new retests.

It would be wise to review the support levels listed in the top table below to realize how spread apart they all are should the $87.27-87.17/share (Buyers, 3.11:1) be broken through in terms of support levels from the past year.

The most likely scenario in the near-term to see XLC oscillate around the 10 day moving average & react to headlines/upcoming earnings announcements accordingly, consolidating within the range of two Friday’s ago high & the lows of Monday.

If there is a gap through that support zone mentioned above, things will become difficult for XLC, as it will become a resistance zone & the would not likely be a quick recovery as the 50 day moving average approaches the 200 DMA, which a death cross would add more bearish sentiment into the mix.

While no one know’s for certain, being armed with the information in the table below will help market participants navigate XLC’s upcoming moves.

Price Level:Volume Sentiment Analysis For XLC, The Communication Services Select Sector SPDR ETF Fund

The top table below shows the support & resistance levels of XLC from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~4 years, using Wednesday 4/16/2025’s closing data for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level XLC has traded at over the past ~4 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLC.

The following section lays out XLC’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~4 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

$106 – NULL – 0:0*, +18.26% From Current Price Level

$104 – Buyers – 2:1, +16.03% From Current Price Level

$102 – Buyers – 3.75:1, +13.8% From Current Price Level

$100 – Buyers – 2:1, +11.57% From Current Price Level

$99 – Buyers, 1.31:1, +10.45% From Current Price Level

$98 – Buyers – 2:1, +9.34% From Current Price Level

$97 – Buyers – 1.8:1, +8.22% From Current Price Level – 50 Day Moving Average*

$96 – Buyers – 1.76:1, +7.11% From Current Price Level

$95 – Sellers – 1.67:1, +5.99% From Current Price Level

$94 – Sellers – 1.5:1, +4.88% From Current Price Level

$93 – NULL – 0:0*, +3.76% From Current Price Level – 200 Day Moving Average*

$92 – Buyers – 1.17:1, +2.64% From Current Price Level

$91 – Buyers – 1.6:1, +1.53% From Current Price Level

$90 – Buyers – 3.6:1, +0.41% From Current Price Level – 10 Day Moving Average*

$89 – Buyers – 1.08:1, -0.7% From Current Price Level – Current Price Level*

$88 – Buyers – 7:1, -1.82% From Current Price Level

$87 – Buyers – 3.11:1, -2.93% From Current Price Level

$86 – Sellers – 1.09:1, -4.05% From Current Price Level

$85 -Buyers – 3.75:1, -5.17% From Current Price Level

$84 – Sellers – 1.67:1, -6.28% From Current Price Level

$83 – Buyers – 2.19:1, -7.4% From Current Price Level

$82 – Buyers – 1.5:1, -8.51% From Current Price Level

$81 – Even – 1:1, -9.63% From Current Price Level

$80 – Sellers – 1.58:1, -10.74% From Current Price Level

$79 – Buyers – 2.68:1, -11.86% From Current Price Level

$78 – Buyers – 1.48:1, -12.98% From Current Price Level

$77 – Sellers – 2.75:1, -14.09% From Current Price Level

$76 – Sellers – 1.78:1, -15.21% From Current Price Level

$75 – Buyers – 1.58:1, -16.32% From Current Price Level

$74 – Buyers – 2.21:1, -17.44% From Current Price Level

$73 – Sellers – 1.53:1, -18.55% From Current Price Level

$72 – Even – 1:1, -19.67% From Current Price Level

$71 – Buyers – 1.09:1, -20.79% From Current Price Level

$70 – Buyers – 1.93:1, -21.9% From Current Price Level

$69 – Buyers – 1.48:1, -23.02% From Current Price Level

$68 – Sellers – 1.03:1, -24.13% From Current Price Level

$67 – Sellers – 1.28:1, -25.25% From Current Price Level

$66 – Buyers – 1.49:1, -26.36% From Current Price Level

$65 – Sellers – 1.55:1, -27.48% From Current Price Level

$64 – Sellers – 1.09:1, -28.6% From Current Price Level

$63 – Sellers – 1.44:1, -29.71% From Current Price Level

$62 – Sellers – 1.89:1, -30.83% From Current Price Level

$61 – Buyers – 3.33:1, -31.94% From Current Price Level

$60 – Buyers – 1.88:1, -33.06% From Current Price Level

$59 – Buyers – 2.23:1, -34.17% From Current Price Level

$58 – Buyers – 1.91:1, -35.29% From Current Price Level

$57 – Sellers – 1.64:1, -36.41% From Current Price Level

$56 – Sellers – 1.76:1, -37.52% From Current Price Level

$55 – Buyers – 1.53:1, -38.64% From Current Price Level

$54 – Buyers – 1.19:1, -39.75% From Current Price Level

$53 – Buyers – 1.23:1, -40.87% From Current Price Level

$52 – Buyers – 1.2:1, -41.98% From Current Price Level

$51 – Sellers – 1.41:1, -43.1% From Current Price Level

$50 – Buyers – 2:1, -44.22% From Current Price Level

$49 – Buyers – 6.17:1, -45.33% From Current Price Level

$48 – Buyers – 1.12:1, -46.45% From Current Price Level

$47 – Buyers – 1.25:1, -47.56% From Current Price Level

$46 – Sellers – 3.22:1, -48.68% From Current Price Level

$45 – Sellers – 1.33:1, -49.79% From Current Price Level

$44 – Sellers – 2.17:1, -50.91% From Current Price Level

$43 – NULL – 0:0*, -52.02% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLC AT THE TIME OF PUBLISHING THIS ARTICLE ***

Oracle Corp. stock trades under the ticker ORCL and has advanced +16.87% over the past year, sitting -25.47% below their 52-week high from December 2024, while remaining +31.05% above their 52-week low from April of 2024 (all ex-dividends).

ORCL has had a rough past few months after hitting their 52-week high, and has spent the month of March consolidating after crossing bearishly below their 200 day moving average.

This makes it a great time to check in on how ORCL has traded at their various price levels of the past couple of years

Below is a brief technical analysis of ORCL, as well as a price level:volume sentiment analysis of the price levels ORCL has traded at over the past ~2 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on ORCL.

Technical Analysis Of Oracle Corp. ORCL Stock

Their RSI is trending towards the oversold 30 mark & currently sits at 40.26, while their MACD has dolphined but is bearishly approaching the signal line.

Volumes have been +12.64% above the prior year’s average over the past week & a half (10,056,250 vs. 8,927,888.45), which is slight cause for concern given that their highest volume sessions have been declines.

Last Monday ORCL opened on a gap up with the highest advancing volume of the past week & a half, and was able to break above the resistance of the 10 day moving average.

Tuesday opened in the middle of Monday’s range, but the support of the 10 DMA was unable to hold up & ORCL closed below it at $149.45/share.

Wednesday saw ORCL open in-line with the 10 DMA & march higher, but it was unable to test the $155/share level.

Thursday saw gains, but again was unable to test the $155/share level & the session closed with an air of uncertainty as a spinning top candle.

Thursday’s low was supported by the 10 day moving average, but volumes were very light, indicating that there was not a lot of participation among investors.

Friday the uncertainty continued, but with a hint of bearish sentiment crawling back into markets, as ORCL opened lower, tested lower & bounced off of the support of the 10 day moving average, before closing higher than it opened & forming a bearish harami pattern with Thursday’s candle.

It’s important to note that both days resulted in spinning tops as well, indicating that there was uncertainty among market participants about where to value ORCL’s shares at.

ORCL’s volume on Friday is also important to note, as the declining volume was the highest level of any session from the prior two weeks, with a mix of folks taking risk off the table heading into the weekend & others buying the dip to squeeze prices higher.

Monday set the week up bearishly, as ORCL opened on a gap higher above the $155/share level, before testing & closing lower for the day on very light volume, indicating that there was not going to be any staying power behind the move.

Sure enough, Tuesday opened lower, tested above the $155/share mark but was unable to sustain the move & closed lower, as a spinning top candle.

The uncertainty of the day’s close paired with the negative sentiment from the end of the prior week & Monday’s session led to a gap down open on Wednesday, where the second highest volume of the past week & a half managed to break down the support of the 10 day moving average & close below it.

To the upside, the $151.44/share price level (10 day moving average) will be important to watch in the coming weeks, as if it can’t be broken through to the upside we’ll likely see further declines or consolidation.

Should it be broken through there will be a lot of selling pressure at the $152.42 & $152.66/share price levels which will be a tough zone of resistance to break through without a major market catalyst.

Should ORCL consolidate further it will likely oscillate around the 10 DMA in the range that it has spent most of March 2025 in.

To the downside, the next five support levels have historically been dominated by Sellers over the past ~2 years, which will make it difficult to find stable footing for ORCL in the event of further declines.

The following section lays out ORCL’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~2 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

Price Level:Volume Sentiment For Oracle Corp. ORCL Stock

The top table below shows the support & resistance levels of ORCL from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~2 years, using Wednesday 3/26/2025’s closing data for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level ORCL has traded at over the past ~2 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on ORCL.

$198 – NULL – 0:0*, +33.96% From Current Price

$196 – NULL – 0:0*, +32.61% From Current Price

$194 – NULL – 0:0*, +31.26% From Current Price

$192 – NULL – 0:0*, +29.91% From Current Price

$190 – Buyers – 5:1, +28.55% From Current Price

$188 – Buyers – 1.25:1, +27.2% From Current Price

$186 – Buyers – 1.2:1, +25.85% From Current Price

$184 – Buyers – 10.17:1, +24.49% From Current Price

$182 – Sellers – 2.89:1, +23.14% From Current Price

$180 – Buyers – 2.38:1, +21.79% From Current Price

$178 – Buyers – 3:0*. +20.43% From Current Price

$176 – Sellers – 4.22:1, +19.08% From Current Price

$174 – Buyers – 2.53:1, +17.73% From Current Price

$172 – Buyers – 1.94:1, +16.37% From Current Price

$170 – Buyers – 1.81:1, +15.02% From Current Price

$168 – Buyers – 1.59:1, +13.67% From Current Price

$166 – Sellers – 1.02:1, +12.31% From Current Price

$164 – Sellers – 1.33:1, +10.96% From Current Price – 50 Day Moving Average*

$162 – Sellers – 3.25:1, +9.61% From Current Price

$160 – Buyers – 9.5:1, +8.25% From Current Price

$158 – Sellers – 2:1, +6.9% From Current Price – 200 Day Moving Average*

$156 – Buyers – 1.73:1, +5.55% From Current Price

$154 – Buyers – 5.17:1, +4.19% From Current Price

$152 – Sellers – 2.39:1, +2.84% From Current Price

$150 – Buyers – 1.17:1, +1.49% From Current Price – 10 Day Moving Average*

$148 – Sellers – 3:1, +0.14% From Current Price

$146 – Sellers – 1.3:0*, -1.22% From Current Price – Current Price Level*

$144 – Sellers – 2.88:1, -2.57% From Current Price

$142 – Buyers – 7.14:1, -3.92% From Current Price

$140 – Buyers – 1.61:1, -5.28% From Current Price

$138 – Sellers – 1.08:1, -6.63% From Current Price

$136 – Sellers – 2.67:1, -7.98% From Current Price

$134 – Sellers – 2.33:1, -9.34% From Current Price

$132 – Sellers – 1.75:1, -10.69% From Current Price

$130 – Buyers – 1:0*, -12.04% From Current Price

$128 – Buyers – 0.6:0*, -13.4% From Current Price

$126 – Buyers – 2.53:1, -14.75% From Current Price

$124 – Buyers – 1.81:1, -16.1% From Current Price

$122 – Sellers – 1.75:1, -17.46% From Current Price

$120 – Buyers – 1.13:1, -18.81% From Current Price

$118 – Buyers – 9:1, -20.16% From Current Price

$116 – Buyers – 1.23:1, -21.52% From Current Price

$114 – Buyers – 1.16:1, -22.87% From Current Price

$112 – Buyers – 2.52:1, -24.22% From Current Price

$110 – Buyers – 1.66:1, -25.58% From Current Price

$108 – Buyers – 2.85:1, -26.93% From Current Price

$106 – Buyers – 1.04:1, -28.28% From Current Price

$104 – Buyers – 2.08:1, -29.63% From Current Price

$102 – Buyers – 1.37:1, -30.99% From Current Price

$100 – Buyers – 2.32:1, -32.34% From Current Price

$99 – Sellers – 9.83:1, -33.02% From Current Price

$98 – Sellers – 2.8:0*, -33.69% From Current Price

$97 – NULL – 0:0*, -34.37% From Current Price

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN ORCL STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLK, the Technology Sector Select SPDR Fund ETF has had quite the volatile past year, sitting currently just +4.43% above it’s price one year ago, -11.4% below their 52-week high in February of 2025 & +12.94% above their 52-week low in August of 2024 (all figures ex-distributions).

This shouldn’t come as a surprise given how volatile the tech sector has been over the past year, but it is interesting to think that they’re basically just above par from one year ago & right in the center of their 52-week high/low range.

Some of XLK’s largest holdings include Apple Inc. (AAPL), NVIDIA Corp. (NVDA), Microsoft Corp. (MSFT), Broadcom Inc. (AVGO), Salesforce Inc. (CRM), Oracle Corp. (ORCL), Cisco Systems Inc. (CSCO), International Business Machines Corp. (IBM), Accenture PLC. A (ACN) & Palantir Technologies Inc. Class A (PLTR).

XLK has not been able to escape the difficult past month that broader markets have faced due to tariff excitement & mixed news on inflation across the globe & will likely continue to see volatility in the weeks to come.

With that in mind, it is a good time to check in on their volume sentiment at the price levels that they’ve traded at over the past few years to gauge how market participants have behaved at these levels before.

Below is a brief technical analysis of XLK, as well as a price level:volume sentiment analysis of the price levels XLK has traded at over the ~3 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLK.

Technical Analysis Of XLK, The Technology Sector Select SPDR Fund

Their RSI is trending back towards the neutral 50 mark & closed yesterday at 42.26, while their MACD is still in bearish territory, but is rapidly approaching the signal line & may cross bullishly in the coming two days.

Volumes over the past week & a day have been +32.83% above the prior year’s average level (6,661,666.67 vs. 5,015,240), which is cause for concern given that there have only really been two truly advancing days, both of which had the lowest volumes of that time period.

There has been a lot of enthusiasm to get out of the pool among market participants, and with the 50 day moving average bearing down on the 200 DMA & set to bearishly crossover within a week there appears to be more declines on the horizon.

Last Monday’s declining volume eclipses all other volumes going back until August when XLK faced serious declines & went down to reach their 52-week low, but these recent losses have been more gradual & controlled compared to the large gaps seen seven months ago.

Last Monday’s session opened as a gap down, but far closer to the previous Friday’s candle than the gaps down of the aforementioned period.

Tuesday resulted in a high wave spinning top, indicating a great deal of indecision, but the low range of the day became a local support level at $206.29, while the day’s high was $211.91 on the second highest volume of the past six sessions.

This marks extreme indecision in the market, which was reflected in the next day’s spinning top with long upper & lower shadows, except on Wednesday there was light volume and despite the gap up open, the session closed lower than the open, indicating bearish sentiment was spreading.

Thursday opened on a gap down & temporarily broke down the $207.50/share level, but managed to recover to close above it, before Friday’s squeeze into the weekend session, where on low volume prices were able to power higher to close at $213.94/share, just below the 10 day moving average’s resistance.

Yesterday was able to open higher and retraced into Friday’s range briefly before breaking out above the 10 DMA’s resistance.

Yesterday was unable to reach the $217.50/share level, and closed with a long upper shadow, indicating that the bears were still relatively in control, particularly given the low volume, which was not enough to build a sustainable reversal.

Pending some type of upside catalyst, XLK doesn’t look primed to break out to the upside in the near-term, and even then it will require a great deal of advancing volume behind the move in order to be sustainable.

Now that price has met the 10 DMA it is likely to oscillated around it in the coming week(s) while we await news to send XLK higher or lower & while the 200 & 50 day moving averages continue lower towards price.

Thee $206.29/share support level will be an interesting one to watch, as should XLK get there it leads into a zone where there is a level of support for the next ~1 & 2% moves down, but then on the one year chart the floor falls out below XLK & the next support level is -5.56% lower.

Should we enter that zone, the $202.29/share support level will be critical, and it falls in a price zone that has historically been Seller dominated at a rate of 1.14:1.

From there, if the $198-199.99/share level doesn’t hold up, it is all Seller zones until the $191.99/share mark, so there will be an expected further slide down towards testing the lower one year support levels.

The following section lays out XLK’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~3 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

Price Level:Volume Sentiment Analysis For XLK, The Technology Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLK from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~3 years, using Wednesday 3/17/2025’s closing data for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level XLK has traded at over the past ~3 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLK.

$244 – NULL – 0:0*, +13.26% From Current Price Level

$240 – Buyers – 29:1, +11.41% From Current Price Level

$236 – Buyers – 1.73:1, +9.55% From Current Price Level

$232 – Buyers – 1.6:1, +7.69% From Current Price Level

$228 – Sellers – 1.43:1, +5.83% From Current Price Level – 50 Day Moving Average*

$224 – Buyers – 1.27:1, +3.98% From Current Price Level – 200 Day Moving Average*

$220 – Buyers – 1.14:1, +2.12% From Current Price Level

$216 – Sellers – 1.14:1, +0.26% From Current Price Level

$212 – Buyers – 1.37:1, -1.59% From Current Price Level – 10 Day Moving Average & Current Price Box**

$208 – Buyers – 1.68:1, -3.45% From Current Price Level

$204 – Buyers – 1.53:1, -5.31% From Current Price Level

$200 – Sellers – 1.14:1, -7.16% From Current Price Level

$198 – Buyers – 6.33:1, -8.09% From Current Price Level

$196 – Sellers – 2.93:1, -9.02% From Current Price Level

$194 – Sellers – 1.22:1, -9.95% From Current Price Level

$192 – Sellers – 1.33:1, -10.88% From Current Price Level

$190 – Buyers – 1.58:1, -11.8% From Current Price Level

$188 – Buyers – 2:1, -12.73% From Current Price Level

$186 – Buyers – 3.67:1, -13.66% From Current Price Level

$184 – Sellers – 1.17:1, -14.59% From Current Price Level

$182 – Buyers – 1.74:1, -15.52% From Current Price Level

$180 – Even – 1:1, -16.45% From Current Price Level

$178 – Buyers – 0.8:0*, -17.37% From Current Price Level

$176 – Buyers – 1.77:1, -18.3% From Current Price Level

$174 – Sellers – 1.04:1, -19.23% From Current Price Level

$172 – Buyers – 1.11:1, -20.16% From Current Price Level

$170 – Buyers – 1.52:1, -21.09% From Current Price Level

$168 – Buyers – 2.88:1, -22.02% From Current Price Level

$166 – Even – 1:1, -22.94% From Current Price Level

$164 – Sellers – 1.52:1, -23.87% From Current Price Level

$162 – Buyers – 2.31:1, -24.8% From Current Price Level

$160 – Sellers – 1.35:1, -25.73% From Current Price Level

$158 – Buyers- 1.88:1, -26.66% From Current Price Level

$156 – NULL – 0:0*, -27.59% From Current Price Level

$154 – Buyers – 2.75:1, -28.52% From Current Price Level

$152 – Sellers – 1.5:1, -29.44% From Current Price Level

$150 – Buyers – 0.8:0*, -30.37% From Current Price Level

$148 – Even, 1:1, -31.3% From Current Price Level

$146 – Sellers – 1.22:1, -32.23% From Current Price Level

$144 – Sellers – 1.1:1, -33.16% From Current Price Level

$142 – Buyers – 1.05:1, -34.09% From Current Price Level

$140 – Buyers – 1.69:1, -35.01% From Current Price Level

$138 – Sellers – 1.1:1, -35.94% From Current Price Level

$136 – Buyers – 1.22:1, -36.87% From Current Price Level

$134 – Buyers – 1.68:1, -37.8% From Current Price Level

$132 – Buyers – 1.11:1, -38.73% From Current Price Level

$130 – Buyers – 1.54:1, -39.66% From Current Price Level

$128 – Sellers – 1.2:1, -40.58% From Current Price Level

$126 – Sellers – 1.29:1, -41.51% From Current Price Level

$124 – Buyers – 1.15:1, -42.44% From Current Price Level

$122 – Sellers – 1.02:1, -43.37% From Current Price Level

$120 – Sellers – 1.29:1, -44.3% From Current Price Level

$118 – Sellers – 1.52:1, -45.23% From Current Price Level

$116 – Sellers – 1.24:1, -46.15% From Current Price Level

$114 – Sellers – 2.4:0*, -47.08% From Current Price Level

$112 – NULL – 0:0*, -48.01% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLK AT THE TIME OF PUBLISHING THIS ARTICLE ***