The Greedy Trader Weekly Analysis
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- 4/10/2026 -
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Nasdaq (^IXIC) Technical Analysis

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Summary:
Weekly :Broken trend support lineStochastic signal line moved above oversold area
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a second positive week after 5 consecutive negative weeks for the Nasdaq (^IXIC). During the week, the ^IXIC gained 1023.71 points, or 4.68%, and closed at 22902.89 on Friday, April 10, 2026. It was the best weekly gain since November 28, 2025. 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 24019.99 on October 29, 2025. ^IXIC gained -13931.16 points, or -138.08%, in 158 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 16810.83 and resistance is at 25791.57. 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 24019.99 on October 29, 2025. ^IXIC gained -9235.96 points, or -62.47%, in 29 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (26104.20) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly 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 weekly MACD line is below its signal line since November 14, 2025. Use the following link to access a MACD help.

Short-term trend: [See ^IXIC short-term trend chart]
A short-term downtrend had started on January 28, 2026 at 23988.26 and reached 20690.25 on March 30, 2026. ^IXIC lost 3298.01 points, or 13.75%, in 61 days. The price is now at the 67.09% retracement level.

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

The daily MACD line is above its signal line since April 1, 2026.

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 price 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.11
Williams' Percentage Range (W%R) 4.20
Strong Overbought
Lane's Stochastic (%D-Slow) 94.73
Strong Overbought
Greed/Fear Indicator (GFI) 85.54
Overbought
Moving Average Converg./Diverg. (MACD) -190.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.13
Williams' Percentage Range (W%R) 32.60
Lane's Stochastic (%D-Slow) 26.16
Greed/Fear Indicator (GFI) 46.87
Moving Average Converg./Diverg. (MACD) 310.17
Trading Signals
Description Value Chart
Monthly Trendline Support 26104.20
Quarterly Trendline Resistance 25791.57
Monthly Trendline Resistance 23962.25
Upper Bollinger Band 23224.27
Daily Stochastic Crossing 22916.95
Price 22902.89
50 Day Moving Average 22501.36
20 Day Moving Average 21966.23
Parabolic System 21411.86
Weekly Stochastic Crossing 21343.66
Lower Bollinger Band 21109.53
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 23988.26
High Date 01/28/2026
Low 20690.25
Low Date 03/30/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24019.99
High Date 10/29/2025
Low 20690.25
Low Date 03/30/2026
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 23962.25
Support 26104.20
Low 14784.03
Low Date 04/07/2025
High 24019.99
High Date 10/29/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 25791.57
Support 16810.83
Low 10088.83
Low Date 10/13/2022
High 24019.99
High Date 10/29/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1265.52
Low Date 03/09/2009
High 24019.99
High Date 10/29/2025
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.