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Archive
- 4/24/2026 -
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Nasdaq (^IXIC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fourth positive week after 5 consecutive negative weeks for the Nasdaq (^IXIC). During the week, the ^IXIC gained 368.12 points, or 1.50%, and closed at 24836.60 on Friday, April 24, 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 24854.04 on April 24, 2026. ^IXIC gained -14765.21 points, or -146.35%, in 184 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 16885.59 and resistance is at 25958.12. 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 24854.04 on April 24, 2026. ^IXIC gained -10070.01 points, or -68.11%, in 54 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 March 30, 2026 at 20690.25 and reached 24854.04 on April 24, 2026. ^IXIC gained -4163.79 points, or -20.12%, in 25 days. Price is near the trend high.
 Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since April 1, 2026. This is an indication that the short-term trend is up.
The distance between the Bollinger Bands is 185.10% 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.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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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