The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 7/17/2026 -
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NASDAQ OMX Group Inc. (NDAQ) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtTrend resistance at 91.20Trend resistance at 91.20
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line
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It was a third consecutive positive week for the NASDAQ OMX Group Inc. (NDAQ). During the week, the NDAQ gained 3.56 points, or 4.04%, and closed at 91.64 on Friday, July 17, 2026. Weekly volume was 32% above average.

NDAQ is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 Descending Triangle chart pattern. The price is near the trend resistance line (91.20). The resistance is usually stronger when technical indicators are overbought. 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 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 76.55 on June 30, 2026. NDAQ lost 25.24 points, or 24.80%, in 23 weeks. The chart has formed a Descending Triangle chart pattern. The price is near the trend resistance line (91.20). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See NDAQ 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 June 12, 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 July 14, 2026 at 87.35 and reached 95.26 on July 16, 2026. NDAQ gained -7.91 points, or -9.06%, in 2 days. The price is now at the 45.76% retracement level.

Daily Technical Indicators: [See NDAQ daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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.

The daily MACD line is above its signal line since July 2, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.88
Williams' Percentage Range (W%R) 10.80
Overbought
Lane's Stochastic (%D-Slow) 88.43
Overbought
Greed/Fear Indicator (GFI) 83.48
Overbought
Moving Average Converg./Diverg. (MACD) 0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.48
Williams' Percentage Range (W%R) 10.80
Overbought
Lane's Stochastic (%D-Slow) 41.66
Greed/Fear Indicator (GFI) 61.11
Moving Average Converg./Diverg. (MACD) -0.64
Trading Signals
Description Value Chart
Upper Bollinger Band 96.65
Daily Stochastic Crossing 93.57
Price 91.64
Quarterly Trendline Resistance 91.20
Yearly Trendline Resistance 91.20
Parabolic System 87.89
50 Day Moving Average 87.51
20 Day Moving Average 84.68
Weekly Stochastic Crossing 84.16
Lower Bollinger Band 77.68
Quarterly Trendline Support 76.48
Yearly Trendline Support 76.48
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Financial Exchanges & Data 34
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 87.35
Low Date 07/14/2026
High 95.26
High Date 07/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 87.35
Low Date 07/14/2026
High 95.26
High Date 07/16/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.55
Low Date 06/30/2026
High 95.26
High Date 07/16/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Test Resistance
Resistance 91.20
Support 76.48
High 101.79
High Date 01/16/2026
Low 76.55
Low Date 06/30/2026
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Test Resistance
Resistance 91.20
Support 76.48
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.