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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 4/24/2026 -
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NASDAQ OMX Group Inc. (NDAQ) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :
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It was a second consecutive positive week for the NASDAQ OMX Group Inc. (NDAQ). During the week, the NDAQ gained 1.29 points, or 1.46%, and closed at 89.90 on Friday, April 24, 2026. NDAQ was trading at average weekly trading volume.

Long-term trend: [See NDAQ long-term trend chart]
A long-term uptrend had started on June 10, 2024 at 58.28 and reached 101.79 on January 16, 2026. NDAQ gained -43.51 points, or -74.66%, in 83 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (83.48) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 downtrend had started on January 16, 2026 at 101.79 and reached 77.09 on February 12, 2026. NDAQ lost 24.70 points, or 24.27%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (83.48) 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 medium-term trend.

Weekly Technical Indicators: [See NDAQ weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since January 30, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 March 27, 2026 at 81.00 and reached 90.44 on April 23, 2026. NDAQ gained -9.44 points, or -11.65%, in 27 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 83.56 and resistance is at 90.64. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See NDAQ daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since March 31, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.04
Williams' Percentage Range (W%R) 33.30
Lane's Stochastic (%D-Slow) 69.48
Greed/Fear Indicator (GFI) 63.75
Moving Average Converg./Diverg. (MACD) 0.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.82
Williams' Percentage Range (W%R) 58.70
Lane's Stochastic (%D-Slow) 53.64
Greed/Fear Indicator (GFI) 46.58
Moving Average Converg./Diverg. (MACD) -0.50
Trading Signals
Description Value Chart
Upper Bollinger Band 91.14
Weekly Trendline Resistance 90.64
Price 89.90
Daily Stochastic Crossing 88.68
Weekly Stochastic Crossing 86.58
20 Day Moving Average 86.45
Parabolic System 85.51
50 Day Moving Average 85.50
Weekly Trendline Support 83.56
Yearly Trendline Support 83.48
Quarterly Trendline Support 83.48
Lower Bollinger Band 82.72
Yearly Trendline Resistance 78.71
Quarterly Trendline Resistance 78.71
Sector and Industry
Description Name Rank
Sector Financials 7
Industry Financial Exchanges & Data 52
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 90.44
High Date 04/23/2026
Low 87.24
Low Date 04/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 90.64
Support 83.56
Low 81.00
Low Date 03/27/2026
High 90.44
High Date 04/23/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 77.09
Low Date 02/12/2026
High 90.44
High Date 04/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 78.71
Support 83.48
High 101.79
High Date 01/16/2026
Low 77.09
Low Date 02/12/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 78.71
Support 83.48
Low 58.28
Low Date 06/10/2024
High 101.79
High Date 01/16/2026
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.