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- 1/2/2026 -
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Nasdaq (^IXIC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the pricePrice has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Nasdaq (^IXIC). During the week, the ^IXIC dropped -357.47 points, or -1.52%, and closed at 23235.63 on Friday, January 2, 2026. Weekly volume was -100% below average.

Long-term trend: [See ^IXIC long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 10088.83 and reached 24019.99 on October 29, 2025. ^IXIC gained -13931.16 points, or -138.08%, in 158 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 16309.94 and resistance is at 24426.06. 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 long-term trend.

Medium-term trend: [See ^IXIC medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 14784.03 and reached 24019.99 on October 29, 2025. ^IXIC gained -9235.96 points, or -62.47%, in 29 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 23125.78 and resistance is at 23540.68. 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 larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 November 14, 2025. 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 downtrend had started on December 26, 2025 at 23665.15 and reached 23119.49 on January 2, 2026. ^IXIC lost 545.66 points, or 2.31%, in 7 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

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

A Parabolic SAR (stop and reversal) indicator (23118.83) comes close to the price (23235.63). 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.

During the last week, the price has declined below 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 42.23
Williams' Percentage Range (W%R) 22.00
Lane's Stochastic (%D-Slow) 63.02
Greed/Fear Indicator (GFI) 61.09
Moving Average Converg./Diverg. (MACD) 72.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.98
Williams' Percentage Range (W%R) 17.30
Overbought
Lane's Stochastic (%D-Slow) 69.11
Greed/Fear Indicator (GFI) 67.89
Moving Average Converg./Diverg. (MACD) 919.33
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 24426.06
Upper Bollinger Band 23816.13
Monthly Trendline Resistance 23540.68
Daily Stochastic Crossing 23423.02
20 Day Moving Average 23369.66
50 Day Moving Average 23252.04
Price 23235.63
Weekly Stochastic Crossing 23150.58
Monthly Trendline Support 23125.78
Parabolic System 23118.83
Lower Bollinger Band 22815.28
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 23665.15
High Date 12/26/2025
Low 23119.49
Low Date 01/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22692.00
Low Date 12/17/2025
High 23665.15
High Date 12/26/2025
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 23540.68
Support 23125.78
Low 14784.03
Low Date 04/07/2025
High 24019.99
High Date 10/29/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 24426.06
Support 16309.94
Low 10088.83
Low Date 10/13/2022
High 24019.99
High Date 10/29/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1265.52
Low Date 03/09/2009
High 24019.99
High Date 10/29/2025
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.