The Greedy Trader Weekly Analysis
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Nasdaq
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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARTrend resistance at 7319.28
Move cursor over the icon to see details.

It was a first positive week after 4 consecutive negative weeks for the Nasdaq (^IXIC). During the week, the ^IXIC gained 189.78 points, or 2.65%, and closed at 7356.99 on Friday, November 02, 2018. Weekly volume was 20% 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 8133.30 on August 30, 2018. ^IXIC gained -6867.78 points, or -542.68%, in 494 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (5848.39) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 8133.30 on August 30, 2018. ^IXIC gained -3923.54 points, or -93.20%, in 133 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (7771.64) 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.

The weekly MACD line is below its signal line since September 28, 2018. The distance between MACD and the signal line is near its high and getting bigger. 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 October 1, 2018 at 8107.38 and reached 6922.83 on October 29, 2018. ^IXIC lost 1184.55 points, or 14.61%, in 28 days. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (7319.28). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily technical indicators are neutral.

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

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.87
Williams' Percentage Range (W%R) 42.80
Lane's Stochastic (%D-Slow) 54.80
Greed/Fear Indicator (GFI) 53.27
Moving Average Converg./Diverg. (MACD) -154.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.90
Williams' Percentage Range (W%R) 58.60
Lane's Stochastic (%D-Slow) 29.16
Greed/Fear Indicator (GFI) 38.02
Moving Average Converg./Diverg. (MACD) 148.41
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 8177.19
Upper Bollinger Band 7818.90
Quarterly Trendline Support 7771.64
50 Day Moving Average 7757.97
20 Day Moving Average 7409.20
Price 7356.99
Weekly Trendline Resistance 7319.28
Daily Stochastic Crossing 7272.09
Weekly Stochastic Crossing 7178.64
Lower Bollinger Band 7063.61
Parabolic System 6968.50
Weekly Trendline Support 6720.09
Yearly Trendline Resistance 6463.97
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 6922.83
Low Date 10/29/2018
High 7466.53
High Date 11/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 7319.28
Support 6720.09
High 8107.38
High Date 10/01/2018
Low 6922.83
Low Date 10/29/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 8133.30
High Date 08/30/2018
Low 6922.83
Low Date 10/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 8177.19
Support 7771.64
Low 4209.76
Low Date 02/11/2016
High 8133.30
High Date 08/30/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 6463.97
Support 5848.39
Low 1265.52
Low Date 03/09/2009
High 8133.30
High Date 08/30/2018
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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