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Advanced TA SearchArchive
- 4/26/2024 -
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Nasdaq (^IXIC) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :  
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| | It was a first positive week after 4 consecutive negative weeks for the Nasdaq (^IXIC). During the week, the ^IXIC gained 645.89 points, or 4.23%, and closed at 15927.90 on Friday, April 26, 2024. ^IXIC was trading at average weekly trading volume.
 Long-term trend: [See ^IXIC long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 10088.83 and reached 16538.86 on March 21, 2024. ^IXIC gained -6450.03 points, or -63.93%, in 75 weeks. The price is now at the 9.47% retracement level.
 Medium-term trend: [See ^IXIC medium-term trend chart]
A medium-term downtrend had started on March 21, 2024 at 16538.86 and reached 15222.78 on April 19, 2024. ^IXIC lost 1316.08 points, or 7.96%, in 4 weeks. The price is now at the 53.58% retracement level.
 Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. 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 19, 2024 at 15222.78 and reached 15981.00 on April 26, 2024. ^IXIC gained -758.22 points, or -4.98%, in 7 days. The price is now at the 7.00% retracement level.
Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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 daily MACD line is below its signal line since March 27, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
During the last week, the price has moved above 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 20 Day Moving Average 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.
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