The Greedy Trader Weekly Analysis
Sign In May 9, 2025
Skip Navigation Links
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 5/2/2025 -
Sign In to see current Signals.

Nasdaq (^IXIC) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtPrice has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a second consecutive positive week for the Nasdaq (^IXIC). During the week, the ^IXIC gained 594.79 points, or 3.42%, and closed at 17977.73 on Friday, May 2, 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 20204.58 on December 16, 2024. ^IXIC gained -10115.75 points, or -100.27%, in 113 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 16122.54 and resistance is at 21708.78. 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 downtrend had started on December 16, 2024 at 20204.58 and reached 14784.03 on April 7, 2025. ^IXIC lost 5420.55 points, or 26.83%, in 16 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 13527.79 and resistance is at 19884.77. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern 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 January 24, 2025. This is an indication that the medium-term trend is down. 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 April 7, 2025 at 14784.03 and reached 18048.83 on May 2, 2025. ^IXIC gained -3264.80 points, or -22.08%, in 25 days. Price is near the trend high.

Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 daily MACD line is above its signal line since April 11, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 69.35
Williams' Percentage Range (W%R) 5.50
Strong Overbought
Lane's Stochastic (%D-Slow) 95.23
Strong Overbought
Greed/Fear Indicator (GFI) 86.36
Overbought
Moving Average Converg./Diverg. (MACD) -152.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.64
Williams' Percentage Range (W%R) 43.10
Lane's Stochastic (%D-Slow) 32.82
Greed/Fear Indicator (GFI) 44.91
Moving Average Converg./Diverg. (MACD) -81.04
Trading Signals
Description Value Chart
Monthly Trendline Resistance 19884.77
Upper Bollinger Band 18621.00
Daily Stochastic Crossing 17985.03
Price 17977.73
50 Day Moving Average 17492.58
20 Day Moving Average 16716.73
Parabolic System 16564.36
Quarterly Trendline Support 16122.54
Weekly Stochastic Crossing 16116.55
Lower Bollinger Band 15669.77
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 15685.33
Low Date 04/21/2025
High 18048.83
High Date 05/02/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14784.03
Low Date 04/07/2025
High 18048.83
High Date 05/02/2025
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 19884.77
Support 13527.79
High 20204.58
High Date 12/16/2024
Low 14784.03
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 21708.78
Support 16122.54
Low 10088.83
Low Date 10/13/2022
High 20204.58
High Date 12/16/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1265.52
Low Date 03/09/2009
High 20204.58
High Date 12/16/2024
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.