Auto-detected technical analysis for XLK · data as of Jun 30, 2026. The chart above is live; the read below updates daily.
$190.52last close · Jun 30, 2026
XLK falling wedge pattern
XLK is currently forming a Falling Wedge on the daily timeframe. Detected Jun 30, 2026.
A Falling Wedge usually breaks higher, but XLK is breaking lower out of it instead — a notably bearish turn. A breakout projects a measured-move target near $126.04 (−6.7%). Across 13,048 backtested falling wedges, the setup followed through 53.9% of the time, averaging +0.38R.
XLK's most recent completed Falling Wedge (which broke against type) resolved as a loss: it broke down on Mar 26, 2026 near $132.50, then was stopped out at $145.61 on Apr 13, 2026 — a -1.21R move (9.9%) over 11 sessions. Across 89 backtested falling wedges, this setup wins 62.9% of the time.
OutcomeLossResult-1.21REntry$132.50Exit$145.61
How falling wedges have performed
Win rate
53.9%
Avg return
+0.38R
Backtested trades
13,048
Historical pattern statistics (1986-12-19 – 2026-06-10), not a prediction.
XLK support and resistance levels
Price was turned away at a ceiling near $203.83 about 4 weeks ago and has been sliding since. On the weekly chart, the next floor below sits near $127.95 — still about 33% away.
Traders commonly watch $127.95 as a target (its 100% retracement) — think of it as a sensible next stop, not a guarantee.
That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
There's nothing to act on here — the spot to watch was the $203.83 ceiling about 4 weeks ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.
Nearest auto-detected support sits near $151.66, resistance near $196.26. These are chart/swing-derived levels, not formula pivots.
Resistance
$196.26$196.64$197.20$292.00$300.65
Support
$151.66$129.06$125.96
XLK recent daily prices
Date
Open
High
Low
Close
Jun 30, 2026
$185.76
$190.94
$185.60
$190.52
Jun 29, 2026
$183.12
$185.66
$178.67
$185.41
Jun 26, 2026
$181.00
$183.11
$179.76
$181.11
Jun 25, 2026
$188.15
$188.41
$180.38
$184.57
Jun 24, 2026
$184.07
$185.66
$180.79
$183.05
Jun 23, 2026
$184.68
$187.25
$183.70
$184.19
Jun 22, 2026
$192.95
$194.30
$190.86
$192.15
Jun 18, 2026
$190.42
$192.00
$189.38
$191.44
Jun 17, 2026
$189.01
$189.99
$185.30
$185.80
Jun 16, 2026
$191.23
$192.25
$186.43
$186.44
XLK frequently asked questions
What chart pattern is XLK forming right now?
As of Jun 30, 2026, TradingPal's detector identifies a Falling Wedge on Technology Select Sector SPDR (XLK) on the daily chart, with a measured-move target of $126.04.
Is a Falling Wedge bullish or bearish?
The Falling Wedge detected on XLK is a bearish pattern, projecting a measured-move target of $126.04. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a Falling Wedge pattern, and what is its win rate?
Across TradingPal's backtest of the Falling Wedge family (13,048 trades over 516 symbols), it resolved in the expected direction 53.9% of the time with an average of +0.38R. These are historical statistics, not a prediction.
What are the support and resistance levels for XLK?
Based on auto-detected, swing-derived levels (as of Jun 30, 2026), XLK's nearest support is around $151.66 and nearest resistance around $196.26.
What is the price target if XLK's pattern breaks out?
The detected Falling Wedge has a geometry-based measured-move target of $126.04 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was XLK's closing price on Jun 30, 2026?
Technology Select Sector SPDR (XLK) last closed at $190.52 on Jun 30, 2026. For the live quote, see the chart above or a real-time quote provider.
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.
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