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Yearly Pattern:Symmetric Triangle
Number of records: 5
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Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.
A symmetric triangle pattern represents the area of indecision where the movement direction is questioned. Chart Pattern Analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart pattern appears in a mature trend characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Symmetric Triangle Pattern,Symmetric Triangle Chart Pattern,Chart Pattern Analysis,chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
NASDAQ OMX Group Inc.
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Summary:
Weekly :Overbought sectorBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldLane's Stochastic and MACD bullish divergenceTrend resistance at 85.58
Move cursor over the icon to see details.

It was the negative week for the NASDAQ OMX Group Inc. (NDAQ). During the week, the NDAQ gave back -0.27 points, or -0.31%, and closed at 85.53 on Friday, October 05, 2018. NDAQ was trading at average weekly trading volume.

NDAQ is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See NDAQ long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 14.96 and reached 96.84 on September 5, 2018. NDAQ gained -81.88 points, or -547.33%, in 510 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (32.54) 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 NDAQ medium-term trend chart]
A medium-term uptrend had started on August 8, 2011 at 20.32 and reached 96.84 on September 5, 2018. NDAQ gained -76.52 points, or -376.57%, in 369 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 81.23 and resistance is at 88.72. 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 NDAQ weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since July 6, 2018. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See NDAQ short-term trend chart]
A short-term downtrend had started on September 5, 2018 at 96.84 and reached 85.18 on October 5, 2018. NDAQ lost 11.66 points, or 12.04%, in 30 days. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (85.58). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See NDAQ daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since September 6, 2018. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.36
Williams' Percentage Range (W%R) 90.50
Strong Oversold
Lane's Stochastic (%D-Slow) 12.48
Oversold Bullish
Greed/Fear Indicator (GFI) 18.44
Oversold
Moving Average Converg./Diverg. (MACD) -1.65 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.42
Williams' Percentage Range (W%R) 92.70
Strong Oversold
Lane's Stochastic (%D-Slow) 24.21
Greed/Fear Indicator (GFI) 24.17
Moving Average Converg./Diverg. (MACD) 2.44
Trading Signals
Description Value Chart
Upper Bollinger Band 93.79
Monthly Trendline Resistance 92.28
50 Day Moving Average 91.51
20 Day Moving Average 88.84
Quarterly Trendline Resistance 88.72
Monthly Trendline Support 87.28
Parabolic System 86.99
Weekly Stochastic Crossing 86.64
Weekly Trendline Resistance 85.58
Price 85.53
Daily Stochastic Crossing 85.43
Lower Bollinger Band 83.26
Weekly Trendline Support 83.18
Quarterly Trendline Support 81.23
Sector and Industry
Description Name Rank
Sector Services 8
Industry Business Services 96
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 87.36
High Date 10/01/2018
Low 85.18
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 85.58
Support 83.18
High 96.84
High Date 09/05/2018
Low 85.18
Low Date 10/05/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 92.28
Support 87.28
Low 21.03
Low Date 06/15/2012
High 96.84
High Date 09/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 88.72
Support 81.23
Low 20.32
Low Date 08/08/2011
High 96.84
High Date 09/05/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 13.48
Support 32.54
Low 14.96
Low Date 11/21/2008
High 96.84
High Date 09/05/2018
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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