The Greedy Trader Weekly Analysis
Sign In May 25, 2018
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Nasdaq
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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range is overboughtStochastic has declined below the signal lineA Parabolic SAR indicator is above and near the price20 Day Moving Average has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the Nasdaq (^IXIC). During the week, the ^IXIC gave back -48.54 points, or -0.66%, and closed at 7354.34 on Friday, May 18, 2018. Weekly volume was -6% below 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 7637.27 on March 13, 2018. ^IXIC gained -6371.75 points, or -503.49%, in 470 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (5626.76) 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 7637.27 on March 13, 2018. ^IXIC gained -3427.51 points, or -81.42%, in 108 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 7265.05 and resistance is at 7624.40. 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 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 March 16, 2018. 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 April 25, 2018 at 6926.97 and reached 7458.42 on May 14, 2018. ^IXIC gained -531.45 points, or -7.67%, in 19 days. The price is now at the 19.58% retracement level.

Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 daily MACD line is above its signal line since April 25, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (7296.58) comes close to the price (7354.34). It indicates that the trend is getting weaker. 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.64
Williams' Percentage Range (W%R) 17.70
Overbought
Lane's Stochastic (%D-Slow) 75.01
Greed/Fear Indicator (GFI) 77.31
Moving Average Converg./Diverg. (MACD) 49.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.80
Williams' Percentage Range (W%R) 27.10
Lane's Stochastic (%D-Slow) 52.27
Greed/Fear Indicator (GFI) 58.95
Moving Average Converg./Diverg. (MACD) 159.23
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 7624.40
Upper Bollinger Band 7555.02
Daily Stochastic Crossing 7401.15
Price 7354.34
Parabolic System 7296.58
Quarterly Trendline Support 7265.05
20 Day Moving Average 7227.59
50 Day Moving Average 7209.00
Weekly Stochastic Crossing 7147.04
Monthly Trendline Support 7047.98
Monthly Trendline Resistance 7040.01
Lower Bollinger Band 6989.88
Yearly Trendline Resistance 6242.34
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 6926.97
Low Date 04/25/2018
High 7458.42
High Date 05/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6805.96
Low Date 04/02/2018
High 7458.42
High Date 05/14/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 7040.01
Support 7047.98
High 7637.27
High Date 03/13/2018
Low 6805.96
Low Date 04/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 7624.40
Support 7265.05
Low 4209.76
Low Date 02/11/2016
High 7637.27
High Date 03/13/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 6242.34
Support 5626.76
Low 1265.52
Low Date 03/09/2009
High 7637.27
High Date 03/13/2018
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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