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Archive
- 9/10/2021 -
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Nasdaq (^IXIC)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineLane's Stochastic bearish divergence
Daily :Williams' Percentage Range is strongly overboughtStochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Nasdaq (^IXIC). During the week, the ^IXIC dropped -248.03 points, or -1.61%, and closed at 15115.49 on Friday, September 10, 2021. It was the worst weekly loss since July 16, 2021. Weekly volume was -9% below 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 15403.44 on September 7, 2021. ^IXIC gained -14137.92 points, or -1117.16%, in 652 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (7150.97) 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 15403.44 on September 7, 2021. ^IXIC gained -11193.68 points, or -265.90%, in 290 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (7654.44) 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 August 20, 2021. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 15403.44 on September 7, 2021. ^IXIC gained -8772.02 points, or -132.28%, in 533 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 14327.13 and resistance is at 16020.14. 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 ^IXIC daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. 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.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.83
Williams' Percentage Range (W%R) 7.20
Strong Overbought
Lane's Stochastic (%D-Slow) 66.14
Greed/Fear Indicator (GFI) 75.59
Moving Average Converg./Diverg. (MACD) 153.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.72
Williams' Percentage Range (W%R) 2.90
Strong Overbought
Lane's Stochastic (%D-Slow) 89.58
Overbought Bearish
Greed/Fear Indicator (GFI) 82.67
Overbought
Moving Average Converg./Diverg. (MACD) 511.64
Trading Signals
Description Value Chart
Weekly Trendline Resistance 16020.14
Upper Bollinger Band 15625.95
Parabolic System 15418.84
Daily Stochastic Crossing 15282.54
Weekly Stochastic Crossing 15268.25
Price 15115.49
20 Day Moving Average 15034.44
50 Day Moving Average 14825.85
Lower Bollinger Band 14536.97
Weekly Trendline Support 14327.13
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 13002.54
Low Date 05/12/2021
High 15403.44
High Date 09/07/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 16020.14
Support 14327.13
Low 6631.42
Low Date 03/23/2020
High 15403.44
High Date 09/07/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6190.17
Low Date 12/24/2018
High 15403.44
High Date 09/07/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 11663.91
Support 7654.44
Low 4209.76
Low Date 02/11/2016
High 15403.44
High Date 09/07/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 8000.63
Support 7150.97
Low 1265.52
Low Date 03/09/2009
High 15403.44
High Date 09/07/2021
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.

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