The Greedy Trader Weekly Analysis
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NASDAQ OMX Group Inc.
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the priceThe price touches the upper Bollinger Band
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It was a first positive week for the NASDAQ OMX Group Inc. (NDAQ). During the week, the NDAQ gained 3.04 points, or 3.30%, and closed at 95.13 on Friday, June 08, 2018. It was the best weekly gain since March 29, 2018. Weekly volume was 25% above average.

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 95.71 on June 7, 2018. NDAQ gained -80.75 points, or -539.77%, in 497 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (31.96) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 95.71 on June 7, 2018. NDAQ gained -75.39 points, or -371.01%, in 356 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (76.00) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See NDAQ 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 February 23, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 November 7, 2017 at 71.65 and reached 95.71 on June 7, 2018. NDAQ gained -24.06 points, or -33.58%, in 212 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See NDAQ daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

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

A Parabolic SAR (stop and reversal) indicator (95.81) comes close to the price (95.13). 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.

The price touches the upper Bollinger Band. 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) 76.41
Williams' Percentage Range (W%R) 7.10
Strong Overbought
Lane's Stochastic (%D-Slow) 82.44
Overbought
Greed/Fear Indicator (GFI) 83.91
Overbought
Moving Average Converg./Diverg. (MACD) 1.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.22
Williams' Percentage Range (W%R) 2.00
Strong Overbought
Lane's Stochastic (%D-Slow) 92.06
Strong Overbought
Greed/Fear Indicator (GFI) 83.93
Overbought
Moving Average Converg./Diverg. (MACD) 3.24
Trading Signals
Description Value Chart
Parabolic System 95.81
Upper Bollinger Band 95.42
Daily Stochastic Crossing 95.14
Price 95.13
Weekly Stochastic Crossing 94.93
20 Day Moving Average 92.15
50 Day Moving Average 89.10
Lower Bollinger Band 88.92
Monthly Trendline Resistance 85.86
Quarterly Trendline Resistance 84.24
Monthly Trendline Support 78.48
Sector and Industry
Description Name Rank
Sector Services 8
Industry Business Services 145
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 71.65
Low Date 11/07/2017
High 95.71
High Date 06/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.98
Low Date 05/10/2017
High 95.71
High Date 06/07/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 85.86
Support 78.48
Low 21.03
Low Date 06/15/2012
High 95.71
High Date 06/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 84.24
Support 76.00
Low 20.32
Low Date 08/08/2011
High 95.71
High Date 06/07/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 14.18
Support 31.96
Low 14.96
Low Date 11/21/2008
High 95.71
High Date 06/07/2018
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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