The Greedy Trader Weekly Analysis
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Price vs. 20 Day Moving Average:Crossover
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Moving Average Crossover - stock market timing alerts.

The moving average is one of the oldest analytical tools for stock market alerts. It shows the average value of the stock price over a period of time and is used to emphasize the the direction of a trend. While the price is below the moving average, it is considered as bearish behavior in relation to the trend length being viewed.

When the price falls from the level above the moving average to the level below the moving average, it warns that the price trend being viewed may be weakening, and it presents stock market timing alerts. The moving average is a lagging indicator of the price trend.

Moving average and stock price crossover is a stock trading signal. The basic interpretation is to buy when the stock price moves above its moving average and sell when the price moves below its moving average. The length of the moving average should match the trend time frame. We use a 20-day moving average crossover to identify weekly trend and 50-day moving average crossover for monthly trend stock market alerts.

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- 11/22/2024 -
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Nasdaq (^IXIC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overbought
Daily :Daily  MACD line has moved below its signal lineThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Nasdaq (^IXIC). During the week, the ^IXIC gained 323.53 points, or 1.73%, and closed at 19003.65 on Friday, November 22, 2024. Weekly volume was 34% above 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 19366.07 on November 11, 2024. ^IXIC gained -9277.24 points, or -91.96%, in 108 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 16405.45 and resistance is at 20425.77. 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 August 5, 2024 at 15708.54 and reached 19366.07 on November 11, 2024. ^IXIC gained -3657.53 points, or -23.28%, in 14 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 18712.61 and resistance is at 19032.68. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 October 11, 2024. This is an indication that the medium-term trend is up. 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 September 6, 2024 at 16668.57 and reached 19366.07 on November 11, 2024. ^IXIC gained -2697.50 points, or -16.18%, in 66 days. The price is now at the 13.44% retracement level.

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

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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.58
Williams' Percentage Range (W%R) 31.20
Lane's Stochastic (%D-Slow) 45.13
Greed/Fear Indicator (GFI) 61.18
Moving Average Converg./Diverg. (MACD) 205.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.43
Williams' Percentage Range (W%R) 10.90
Overbought
Lane's Stochastic (%D-Slow) 85.99
Overbought
Greed/Fear Indicator (GFI) 77.83
Moving Average Converg./Diverg. (MACD) 552.84
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 20425.77
Upper Bollinger Band 19573.73
Weekly Stochastic Crossing 19118.04
Weekly Trendline Resistance 19032.68
Price 19003.65
Daily Stochastic Crossing 18979.63
20 Day Moving Average 18835.10
Weekly Trendline Support 18712.61
Parabolic System 18670.56
50 Day Moving Average 18427.64
Lower Bollinger Band 18077.26
Quarterly Trendline Support 16405.45
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 16668.57
Low Date 09/06/2024
High 19366.07
High Date 11/11/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 19032.68
Support 18712.61
Low 15708.54
Low Date 08/05/2024
High 19366.07
High Date 11/11/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 12543.86
Low Date 10/26/2023
High 19366.07
High Date 11/11/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 20425.77
Support 16405.45
Low 10088.83
Low Date 10/13/2022
High 19366.07
High Date 11/11/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1265.52
Low Date 03/09/2009
High 19366.07
High Date 11/11/2024
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.