The Greedy Trader Weekly Analysis
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- 4/17/2025 -
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Nasdaq (^IXIC) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved above oversold areaTrend support at 16028.11
Daily :Daily  MACD line has moved above its signal linePrice is near the Fibonacci 38.2% retracement levelThe period of high volatility of the stock price
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It was the negative week for the Nasdaq (^IXIC). During the week, the ^IXIC dropped -438.01 points, or -2.62%, and closed at 16286.45 on Thursday, April 17, 2025. Weekly volume was 24% above 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 20204.58 on December 16, 2024. ^IXIC gained -10115.75 points, or -100.27%, in 113 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (16028.11) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See ^IXIC medium-term trend chart]
A medium-term downtrend had started on December 16, 2024 at 20204.58 and reached 14784.03 on April 7, 2025. ^IXIC lost 5420.55 points, or 26.83%, in 16 weeks. The price is now at the 27.72% retracement level.

Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 Lane's Stochastic help.

The weekly MACD line is below its signal line since January 24, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 April 7, 2025 at 14784.03 and reached 17202.94 on April 9, 2025. ^IXIC gained -2418.91 points, or -16.36%, in 2 days. Price is near the Fibonacci 38.2% 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 MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The distance between the Bollinger Bands is 145.49% higher then one year average. It indicates the period of high volatility of the stock price. 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) 41.74
Williams' Percentage Range (W%R) 53.80
Lane's Stochastic (%D-Slow) 69.07
Greed/Fear Indicator (GFI) 52.34
Moving Average Converg./Diverg. (MACD) -497.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.57
Williams' Percentage Range (W%R) 70.20
Lane's Stochastic (%D-Slow) 21.52
Greed/Fear Indicator (GFI) 30.02
Moving Average Converg./Diverg. (MACD) 104.15
Trading Signals
Description Value Chart
Upper Bollinger Band 18615.38
50 Day Moving Average 18031.88
20 Day Moving Average 16955.77
Daily Stochastic Crossing 16553.77
Price 16286.45
Quarterly Trendline Support 16028.11
Weekly Stochastic Crossing 15980.97
Parabolic System 15217.75
Lower Bollinger Band 15211.70
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 14784.03
Low Date 04/07/2025
High 17202.94
High Date 04/09/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20118.61
High Date 01/24/2025
Low 14784.03
Low Date 04/07/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20204.58
High Date 12/16/2024
Low 14784.03
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 21547.04
Support 16028.11
Low 10088.83
Low Date 10/13/2022
High 20204.58
High Date 12/16/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1265.52
Low Date 03/09/2009
High 20204.58
High Date 12/16/2024
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.