The Greedy Trader Weekly Analysis
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NASDAQ OMX Group Inc.
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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved below its signal lineBroken trend resistance line
Daily :The price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the NASDAQ OMX Group Inc. (NDAQ). During the week, the NDAQ gained 2.91 points, or 3.82%, and closed at 79.02 on Friday, February 16, 2018. Weekly volume was 15% above average.

NDAQ is a member of Services Sector. Services is the 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 83.29 on January 31, 2018. NDAQ gained -68.33 points, or -456.75%, in 479 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (31.41) 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 83.29 on January 31, 2018. NDAQ gained -62.97 points, or -309.89%, in 338 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 73.06 and resistance is at 81.30. 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 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 NDAQ short-term trend chart]
A short-term uptrend had started on May 10, 2017 at 65.98 and reached 83.29 on January 31, 2018. NDAQ gained -17.31 points, or -26.24%, in 266 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 76.30 and resistance is at 81.45. 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 short-term trend.

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

The daily MACD line is below its signal line since January 31, 2018. The distance between MACD and the signal line is low and getting smaller.

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.

During the last week, the price 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) 41.11
Williams' Percentage Range (W%R) 32.70
Lane's Stochastic (%D-Slow) 70.47
Greed/Fear Indicator (GFI) 59.63
Moving Average Converg./Diverg. (MACD) -0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.90
Williams' Percentage Range (W%R) 28.90
Lane's Stochastic (%D-Slow) 67.31
Greed/Fear Indicator (GFI) 63.75
Moving Average Converg./Diverg. (MACD) 1.70
Trading Signals
Description Value Chart
Upper Bollinger Band 82.88
Monthly Trendline Resistance 82.66
Weekly Trendline Resistance 81.45
Quarterly Trendline Resistance 81.30
Weekly Stochastic Crossing 79.55
20 Day Moving Average 79.48
Daily Stochastic Crossing 79.10
Price 79.02
50 Day Moving Average 78.76
Weekly Trendline Support 76.30
Monthly Trendline Support 75.27
Lower Bollinger Band 75.12
Quarterly Trendline Support 73.06
Parabolic System 73.06
Sector and Industry
Description Name Rank
Sector Services 9
Industry Business Services 123
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 71.65
Low Date 11/07/2017
High 83.29
High Date 01/31/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 81.45
Support 76.30
Low 65.98
Low Date 05/10/2017
High 83.29
High Date 01/31/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 82.66
Support 75.27
Low 21.03
Low Date 06/15/2012
High 83.29
High Date 01/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 81.30
Support 73.06
Low 20.32
Low Date 08/08/2011
High 83.29
High Date 01/31/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 14.83
Support 31.41
Low 14.96
Low Date 11/21/2008
High 83.29
High Date 01/31/2018
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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