The Greedy Trader Weekly Analysis
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Archive
7/5/2019
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Archive
- 7/5/2019 -
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Nasdaq (^IXIC)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a first positive week for the Nasdaq (^IXIC). During the week, the ^IXIC gained 155.55 points, or 1.94%, and closed at 8161.79 on Friday, July 5, 2019. Weekly volume was -25% 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 8176.08 on April 29, 2019. ^IXIC gained -6910.56 points, or -546.06%, in 529 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (6195.08) 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 June 3, 2019 at 7292.22 and reached 8171.97 on July 5, 2019. ^IXIC gained -879.75 points, or -12.06%, in 4 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.

The weekly MACD line is above its signal line since June 21, 2019. 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 June 25, 2019 at 7879.15 and reached 8171.97 on July 5, 2019. ^IXIC gained -292.82 points, or -3.72%, in 10 days. Price is near the trend high.

Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since June 6, 2019. This is an indication that the short-term trend is up.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.14
Bearish
Williams' Percentage Range (W%R) 9.30
Strong Overbought
Lane's Stochastic (%D-Slow) 82.46
Overbought Bearish
Greed/Fear Indicator (GFI) 83.11
Overbought
Moving Average Converg./Diverg. (MACD) 67.28 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.35
Williams' Percentage Range (W%R) 6.00
Strong Overbought
Lane's Stochastic (%D-Slow) 63.44
Greed/Fear Indicator (GFI) 70.37
Moving Average Converg./Diverg. (MACD) 121.62
Trading Signals
Description Value Chart
Upper Bollinger Band 8199.73
Price 8161.79
Daily Stochastic Crossing 8136.63
Parabolic System 8048.61
20 Day Moving Average 7947.48
Weekly Stochastic Crossing 7945.71
50 Day Moving Average 7864.58
Lower Bollinger Band 7709.37
Yearly Trendline Resistance 6709.83
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 7879.15
Low Date 06/25/2019
High 8171.97
High Date 07/05/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7292.22
Low Date 06/03/2019
High 8171.97
High Date 07/05/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6190.17
Low Date 12/24/2018
High 8176.08
High Date 04/29/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4209.76
Low Date 02/11/2016
High 8176.08
High Date 04/29/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 6709.83
Support 6195.08
Low 1265.52
Low Date 03/09/2009
High 8176.08
High Date 04/29/2019
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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