The Greedy Trader Weekly Analysis
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- 2/27/2026 -
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Nasdaq (^IXIC) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Nasdaq (^IXIC). During the week, the ^IXIC gave back -217.86 points, or -0.95%, and closed at 22668.21 on Friday, February 27, 2026. Weekly volume was -100% below average.

Long-term trend: [See ^IXIC long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 10088.83 and reached 24019.99 on October 29, 2025. ^IXIC gained -13931.16 points, or -138.08%, in 158 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 16594.03 and resistance is at 25040.68. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See ^IXIC medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 14784.03 and reached 24019.99 on October 29, 2025. ^IXIC gained -9235.96 points, or -62.47%, in 29 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (24830.33) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since November 14, 2025. Use the following link to access a MACD help.

Short-term trend: [See ^IXIC short-term trend chart]
A short-term downtrend had started on January 28, 2026 at 23988.26 and reached 22256.76 on February 17, 2026. ^IXIC lost 1731.50 points, or 7.22%, in 20 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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) 43.15
Williams' Percentage Range (W%R) 75.00
Lane's Stochastic (%D-Slow) 60.62
Greed/Fear Indicator (GFI) 42.92
Moving Average Converg./Diverg. (MACD) -151.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.33
Williams' Percentage Range (W%R) 66.20
Lane's Stochastic (%D-Slow) 44.21
Greed/Fear Indicator (GFI) 41.66
Moving Average Converg./Diverg. (MACD) 681.70
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 25040.68
Monthly Trendline Support 24830.33
Monthly Trendline Resistance 23885.46
Upper Bollinger Band 23557.69
50 Day Moving Average 23236.63
Daily Stochastic Crossing 22958.46
20 Day Moving Average 22921.37
Weekly Stochastic Crossing 22829.30
Price 22668.21
Lower Bollinger Band 22349.80
Parabolic System 22271.54
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 23988.26
High Date 01/28/2026
Low 22256.76
Low Date 02/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24019.99
High Date 10/29/2025
Low 21898.29
Low Date 11/21/2025
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 23885.46
Support 24830.33
Low 14784.03
Low Date 04/07/2025
High 24019.99
High Date 10/29/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 25040.68
Support 16594.03
Low 10088.83
Low Date 10/13/2022
High 24019.99
High Date 10/29/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1265.52
Low Date 03/09/2009
High 24019.99
High Date 10/29/2025
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.