The Greedy Trader Weekly Analysis
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- 3/27/2026 -
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Nasdaq (^IXIC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :The price is below the lower Bollinger BandWilliams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the Nasdaq (^IXIC). During the week, the ^IXIC dropped -699.25 points, or -3.23%, and closed at 20948.36 on Friday, March 27, 2026. It was the worst weekly loss since November 7, 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 16743.55 and resistance is at 25641.67. 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 (25701.51) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ^IXIC may retest the broken support line. It is considered to be a resistance line now. 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since November 14, 2025. The distance between MACD and the signal line is relatively 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 January 28, 2026 at 23988.26 and reached 20909.93 on March 27, 2026. ^IXIC lost 3078.33 points, or 12.83%, in 58 days. The chart has formed a Falling Wedge chart pattern.

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

The daily MACD line is below its signal line since March 11, 2026. This is an indication that the short-term trend is down.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 24.82
Williams' Percentage Range (W%R) 81.10
Oversold
Lane's Stochastic (%D-Slow) 19.28
Oversold
Greed/Fear Indicator (GFI) 21.00
Moving Average Converg./Diverg. (MACD) -276.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.67
Williams' Percentage Range (W%R) 87.70
Oversold
Lane's Stochastic (%D-Slow) 20.82
Greed/Fear Indicator (GFI) 24.32
Moving Average Converg./Diverg. (MACD) 443.33
Trading Signals
Description Value Chart
Monthly Trendline Resistance 23966.93
Upper Bollinger Band 23108.39
50 Day Moving Average 22760.52
20 Day Moving Average 22223.78
Parabolic System 21980.63
Weekly Stochastic Crossing 21400.55
Daily Stochastic Crossing 21162.46
Lower Bollinger Band 21143.20
Price 20948.36
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 23988.26
High Date 01/28/2026
Low 20909.93
Low Date 03/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24019.99
High Date 10/29/2025
Low 20909.93
Low Date 03/27/2026
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 23966.93
Support 25701.51
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 25641.67
Support 16743.55
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.