The Greedy Trader Weekly Analysis
Sign In Jan 22, 2021
Skip Navigation Links
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 1/15/2021 -
Sign In to see current Signals.

Nasdaq (^IXIC)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overboughtThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was the negative week for the Nasdaq (^IXIC). During the week, the ^IXIC dropped -203.48 points, or -1.54%, and closed at 12998.50 on Friday, January 15, 2021. It was the worst weekly loss since October 30, 2020. Weekly volume was 55% above average.

Long-term trend: [See ^IXIC long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 1265.52 and reached 13220.16 on January 14, 2021. ^IXIC gained -11954.64 points, or -944.64%, in 618 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (6839.20) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 ^IXIC medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 4209.76 and reached 13220.16 on January 14, 2021. ^IXIC gained -9010.40 points, or -214.04%, in 257 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (7258.81) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 ^IXIC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 27, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 23, 2020 at 6631.42 and reached 13220.16 on January 14, 2021. ^IXIC gained -6588.74 points, or -99.36%, in 297 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (12518.80) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is below its signal line since December 28, 2020. The distance between MACD and the signal line is low, but getting bigger.

The distance between the Bollinger Bands (4.61%) is close to one year low (4.46%). It is 62.30% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 56.82
Williams' Percentage Range (W%R) 17.30
Overbought
Lane's Stochastic (%D-Slow) 77.42
Greed/Fear Indicator (GFI) 72.31
Moving Average Converg./Diverg. (MACD) 203.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.43
Williams' Percentage Range (W%R) 4.40
Strong Overbought
Lane's Stochastic (%D-Slow) 94.45
Strong Overbought
Greed/Fear Indicator (GFI) 83.85
Overbought
Moving Average Converg./Diverg. (MACD) 649.62
Trading Signals
Description Value Chart
Upper Bollinger Band 13159.99
Weekly Stochastic Crossing 13145.01
Daily Stochastic Crossing 13096.05
Price 12998.50
20 Day Moving Average 12901.56
Parabolic System 12752.78
Lower Bollinger Band 12560.63
Weekly Trendline Support 12518.80
50 Day Moving Average 12425.34
Weekly Trendline Resistance 11700.27
Quarterly Trendline Resistance 10904.04
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 10519.49
Low Date 09/21/2020
High 13220.16
High Date 01/14/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 11700.27
Support 12518.80
Low 6631.42
Low Date 03/23/2020
High 13220.16
High Date 01/14/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6190.17
Low Date 12/24/2018
High 13220.16
High Date 01/14/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 10904.04
Support 7258.81
Low 4209.76
Low Date 02/11/2016
High 13220.16
High Date 01/14/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 7688.86
Support 6839.20
Low 1265.52
Low Date 03/09/2009
High 13220.16
High Date 01/14/2021
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.

Copyright© 2004-2018 All rights reserved.