The Greedy Trader Weekly Analysis
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Archive
- 12/8/2017
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Nasdaq
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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :The price has risen above the Parabolic SAR
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It was the negative week for the Nasdaq (^IXIC). During the week, the ^IXIC gave back -7.51 points, or -0.11%, and closed at 6840.08 on Friday, December 08, 2017. Weekly volume was 10% above average.

Long-term trend: [See ^IXIC long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 1265.52 and reached 6914.19 on November 28, 2017. ^IXIC gained -5648.67 points, or -446.35%, in 455 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (5418.39) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ^IXIC medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 4209.76 and reached 6914.19 on November 28, 2017. ^IXIC gained -2704.43 points, or -64.24%, in 93 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (6314.16) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 6, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ^IXIC short-term trend chart]
A short-term uptrend had started on August 21, 2017 at 6177.19 and reached 6914.19 on November 28, 2017. ^IXIC gained -737.00 points, or -11.93%, in 99 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 6795.39 and resistance is at 6933.89. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since November 30, 2017.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.99
Williams' Percentage Range (W%R) 22.00
Lane's Stochastic (%D-Slow) 32.35
Greed/Fear Indicator (GFI) 55.46
Moving Average Converg./Diverg. (MACD) 44.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.98
Williams' Percentage Range (W%R) 7.40
Strong Overbought
Lane's Stochastic (%D-Slow) 88.99
Overbought
Greed/Fear Indicator (GFI) 81.65
Overbought
Moving Average Converg./Diverg. (MACD) 184.61
Trading Signals
Description Value Chart
Weekly Trendline Resistance 6933.89
Upper Bollinger Band 6909.36
Weekly Stochastic Crossing 6863.37
Price 6840.08
20 Day Moving Average 6812.11
Monthly Trendline Resistance 6800.21
Weekly Trendline Support 6795.39
Daily Stochastic Crossing 6795.17
Parabolic System 6727.40
Quarterly Trendline Resistance 6724.71
50 Day Moving Average 6705.87
Lower Bollinger Band 6686.23
Monthly Trendline Support 6678.60
Quarterly Trendline Support 6314.16
Yearly Trendline Resistance 6033.97
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 6914.19
High Date 11/28/2017
Low 6734.13
Low Date 12/06/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 6933.89
Support 6795.39
Low 6177.19
Low Date 08/21/2017
High 6914.19
High Date 11/28/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 6800.21
Support 6678.60
Low 5034.41
Low Date 11/04/2016
High 6914.19
High Date 11/28/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 6724.71
Support 6314.16
Low 4209.76
Low Date 02/11/2016
High 6914.19
High Date 11/28/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 6033.97
Support 5418.39
Low 1265.52
Low Date 03/09/2009
High 6914.19
High Date 11/28/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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