The Greedy Trader Weekly Analysis
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Daily W%R:< 20
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 7/3/2025 -
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Nasdaq (^IXIC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtThe price is above the upper Bollinger Band
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It was a third consecutive positive week for the Nasdaq (^IXIC). During the week, the ^IXIC gained 327.64 points, or 1.62%, and closed at 20601.10 on Thursday, July 3, 2025. 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 20624.51 on July 3, 2025. ^IXIC gained -10535.68 points, or -104.43%, in 142 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 15367.96 and resistance is at 22388.10. 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 20624.51 on July 3, 2025. ^IXIC gained -5840.48 points, or -39.51%, in 12 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 20039.93 and resistance is at 20852.78. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 May 16, 2025. 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 June 23, 2025 at 19334.98 and reached 20624.51 on July 3, 2025. ^IXIC gained -1289.53 points, or -6.67%, in 10 days. Price is near the trend high.

Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since June 26, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.04
Williams' Percentage Range (W%R) 9.10
Strong Overbought
Lane's Stochastic (%D-Slow) 93.52
Strong Overbought
Greed/Fear Indicator (GFI) 84.83
Overbought
Moving Average Converg./Diverg. (MACD) 365.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.38
Williams' Percentage Range (W%R) 2.20
Strong Overbought
Lane's Stochastic (%D-Slow) 96.67
Strong Overbought
Greed/Fear Indicator (GFI) 87.87
Overbought
Moving Average Converg./Diverg. (MACD) 80.06
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 22388.10
Monthly Trendline Resistance 20852.78
Price 20601.10
Upper Bollinger Band 20574.21
Daily Stochastic Crossing 20565.41
Weekly Stochastic Crossing 20519.38
Monthly Trendline Support 20039.93
Parabolic System 19991.90
20 Day Moving Average 19828.05
Lower Bollinger Band 19089.74
50 Day Moving Average 18993.67
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 19334.98
Low Date 06/23/2025
High 20624.51
High Date 07/03/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19334.98
Low Date 06/23/2025
High 20624.51
High Date 07/03/2025
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 20852.78
Support 20039.93
Low 14784.03
Low Date 04/07/2025
High 20624.51
High Date 07/03/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 22388.10
Support 15367.96
Low 10088.83
Low Date 10/13/2022
High 20624.51
High Date 07/03/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1265.52
Low Date 03/09/2009
High 20624.51
High Date 07/03/2025
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.