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Archive
- 1/7/2022 -
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Nasdaq (^IXIC)

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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Broken trend support lineStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below 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 -709.07 points, or -4.53%, and closed at 14935.90 on Friday, January 7, 2022. ^IXIC was trading at average weekly trading volume.

Long-term trend: [See ^IXIC long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 1265.52 and reached 16212.23 on November 22, 2021. ^IXIC gained -14946.71 points, or -1181.07%, in 663 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (7308.75) 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 16212.23 on November 22, 2021. ^IXIC gained -12002.47 points, or -285.11%, in 301 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (7854.66) 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 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 December 3, 2021. 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 16212.23 on November 22, 2021. ^IXIC gained -9580.81 points, or -144.48%, in 609 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (15144.51) 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 short-term trend.

Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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.

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.

During the last week, the price has declined below 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 45.11
Williams' Percentage Range (W%R) 77.40
Lane's Stochastic (%D-Slow) 33.76
Greed/Fear Indicator (GFI) 33.83
Moving Average Converg./Diverg. (MACD) -2.83
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.77
Williams' Percentage Range (W%R) 55.00
Lane's Stochastic (%D-Slow) 49.97
Greed/Fear Indicator (GFI) 48.99
Moving Average Converg./Diverg. (MACD) 417.47
Trading Signals
Description Value Chart
Weekly Trendline Resistance 16615.33
Upper Bollinger Band 16041.87
Parabolic System 15750.41
50 Day Moving Average 15601.40
Weekly Stochastic Crossing 15496.35
20 Day Moving Average 15453.63
Weekly Trendline Support 15144.51
Daily Stochastic Crossing 15067.19
Price 14935.90
Lower Bollinger Band 14864.88
Quarterly Trendline Resistance 12048.47
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 16212.23
High Date 11/22/2021
Low 14860.04
Low Date 12/20/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 16615.33
Support 15144.51
Low 6631.42
Low Date 03/23/2020
High 16212.23
High Date 11/22/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6190.17
Low Date 12/24/2018
High 16212.23
High Date 11/22/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 12048.47
Support 7854.66
Low 4209.76
Low Date 02/11/2016
High 16212.23
High Date 11/22/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 8158.41
Support 7308.75
Low 1265.52
Low Date 03/09/2009
High 16212.23
High Date 11/22/2021
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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