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- 1/16/2026 -
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Nasdaq (^IXIC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :Broken trend support lineWilliams' Percentage Range is overboughtDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the Nasdaq (^IXIC). During the week, the ^IXIC gave back -155.96 points, or -0.66%, and closed at 23515.39 on Friday, January 16, 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 16384.70 and resistance is at 24587.80. 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 23574.35 and resistance is at 23431.74. 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 uptrend had started on December 17, 2025 at 22692.00 and reached 23813.30 on January 13, 2026. ^IXIC gained -1121.30 points, or -4.94%, in 27 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (23546.98) 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (2.93%) is close to one year low (3.34%). It is 64.68% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 47.22
Williams' Percentage Range (W%R) 19.10
Overbought
Lane's Stochastic (%D-Slow) 62.18
Greed/Fear Indicator (GFI) 63.42
Moving Average Converg./Diverg. (MACD) 90.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.91
Williams' Percentage Range (W%R) 12.70
Overbought
Lane's Stochastic (%D-Slow) 74.06
Greed/Fear Indicator (GFI) 71.32
Moving Average Converg./Diverg. (MACD) 878.77
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 24587.80
Weekly Trendline Resistance 23853.71
Parabolic System 23816.11
Upper Bollinger Band 23814.78
Daily Stochastic Crossing 23586.77
Monthly Trendline Support 23574.35
Weekly Trendline Support 23546.98
Price 23515.39
20 Day Moving Average 23476.08
Monthly Trendline Resistance 23431.74
Weekly Stochastic Crossing 23393.21
50 Day Moving Average 23268.84
Lower Bollinger Band 23125.46
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 23119.49
Low Date 01/02/2026
High 23813.30
High Date 01/13/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 23853.71
Support 23546.98
Low 22692.00
Low Date 12/17/2025
High 23813.30
High Date 01/13/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 23431.74
Support 23574.35
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 24587.80
Support 16384.70
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.