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Archive
- 9/15/2023 -
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Nasdaq (^IXIC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Nasdaq (^IXIC). During the week, the ^IXIC gave back -53.20 points, or -0.39%, and closed at 13708.33 on Friday, September 15, 2023. Weekly volume was 11% above average.
 Long-term trend: [See ^IXIC long-term trend chart]
A long-term downtrend had started on November 22, 2021 at 16212.23 and reached 10088.83 on October 13, 2022. ^IXIC lost 6123.40 points, or 37.77%, in 46 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (8747.03) is broken. A broken support is considered to be a long-term bullish signal. 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 ^IXIC medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 10088.83 and reached 14446.55 on July 19, 2023. ^IXIC gained -4357.72 points, or -43.19%, in 39 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 10615.86 and resistance is at 15242.98. 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 medium-term trend.
 Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since August 18, 2023. The distance between MACD and the signal line is low, but getting bigger. 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 August 18, 2023 at 13161.76 and reached 14149.62 on September 1, 2023. ^IXIC gained -987.86 points, or -7.51%, in 14 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (13806.31) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.
Daily Technical Indicators: [See ^IXIC 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
14149.62 |
| High Date |
09/01/2023 |
| Low |
13642.47 |
| Low Date |
09/07/2023 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
13969.44 |
| Support |
13806.31 |
| Low |
13161.76 |
| Low Date |
08/18/2023 |
| High |
14149.62 |
| High Date |
09/01/2023 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
14066.01 |
| Support |
12326.39 |
| High |
14446.55 |
| High Date |
07/19/2023 |
| Low |
13161.76 |
| Low Date |
08/18/2023 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
15242.98 |
| Support |
10615.86 |
| Low |
10088.83 |
| Low Date |
10/13/2022 |
| High |
14446.55 |
| High Date |
07/19/2023 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
8675.79 |
| Support |
8747.03 |
| High |
16212.23 |
| High Date |
11/22/2021 |
| Low |
10088.83 |
| Low Date |
10/13/2022 |
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