The Greedy Trader Weekly Analysis
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- 4/19/2024 -
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Nordstrom (JWN) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal line
Daily :Daily  MACD line has moved below its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was the negative week for the Nordstrom (JWN). During the week, the JWN gave back -0.14 points, or -0.73%, and closed at 18.92 on Friday, April 19, 2024. Weekly volume was -13% below average.

Long-term trend: [See JWN long-term trend chart]
A long-term uptrend had started on November 13, 2023 at 12.88 and reached 21.91 on February 29, 2024. JWN gained -9.03 points, or -70.11%, in 15 weeks. The price is now at the 33.11% retracement level.

Medium-term trend: [See JWN medium-term trend chart]
A medium-term downtrend had started on February 29, 2024 at 21.91 and reached 16.79 on March 18, 2024. JWN lost 5.12 points, or 23.37%, in 2 weeks. The price is now at the 41.60% retracement level.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See JWN short-term trend chart]
A short-term downtrend had started on April 1, 2024 at 20.37 and reached 17.20 on April 16, 2024. JWN lost 3.17 points, or 15.56%, in 15 days. The chart has formed a Falling Channel chart pattern.

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

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

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 41.12
Williams' Percentage Range (W%R) 53.60
Lane's Stochastic (%D-Slow) 31.38
Greed/Fear Indicator (GFI) 39.62
Moving Average Converg./Diverg. (MACD) -0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.48
Williams' Percentage Range (W%R) 44.60
Lane's Stochastic (%D-Slow) 41.47
Greed/Fear Indicator (GFI) 48.95
Moving Average Converg./Diverg. (MACD) 0.57
Trading Signals
Description Value Chart
Upper Bollinger Band 20.28
50 Day Moving Average 19.20
Weekly Stochastic Crossing 19.02
20 Day Moving Average 19.02
Price 18.92
Daily Stochastic Crossing 18.37
Lower Bollinger Band 17.39
Parabolic System 17.24
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Department Stores 39
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 20.37
High Date 04/01/2024
Low 17.20
Low Date 04/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 21.91
High Date 02/29/2024
Low 16.79
Low Date 03/18/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 12.88
Low Date 11/13/2023
High 21.91
High Date 02/29/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.45
High Date 03/15/2021
Low 12.88
Low Date 11/13/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.16
High Date 03/23/2015
Low 11.72
Low Date 09/24/2020
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.