The Greedy Trader Weekly Analysis
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- 4/17/2026 -
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Nasdaq (^IXIC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overbought
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineThe period of high volatility of the stock price
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It was a third positive week after 5 consecutive negative weeks for the Nasdaq (^IXIC). During the week, the ^IXIC gained 1565.59 points, or 6.84%, and closed at 24468.48 on Friday, April 17, 2026. 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 24519.51 on April 17, 2026. ^IXIC gained -14430.68 points, or -143.04%, in 183 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 16848.21 and resistance is at 25874.84. 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 24519.51 on April 17, 2026. ^IXIC gained -9735.48 points, or -65.85%, in 53 weeks. Price is near the trend high.

Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 low and getting smaller. 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 30, 2026 at 20690.25 and reached 24519.51 on April 17, 2026. ^IXIC gained -3829.26 points, or -18.51%, in 18 days. Price is near the trend high.

Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily Relative Strength Index, 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 Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since April 1, 2026. 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.

The distance between the Bollinger Bands is 130.87% higher then one year average. It indicates the period of high volatility of the stock price. 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) 95.98
Strong Overbought
Williams' Percentage Range (W%R) 4.70
Strong Overbought
Lane's Stochastic (%D-Slow) 99.11
Strong Overbought
Greed/Fear Indicator (GFI) 96.78
Strong Overbought
Moving Average Converg./Diverg. (MACD) 145.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.76
Williams' Percentage Range (W%R) 4.70
Strong Overbought
Lane's Stochastic (%D-Slow) 40.75
Greed/Fear Indicator (GFI) 63.49
Moving Average Converg./Diverg. (MACD) 267.53
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 25874.84
Upper Bollinger Band 24889.61
Daily Stochastic Crossing 24498.05
Price 24468.48
Parabolic System 23070.33
50 Day Moving Average 22551.58
Weekly Stochastic Crossing 22533.31
20 Day Moving Average 22376.62
Lower Bollinger Band 20787.86
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 20690.25
Low Date 03/30/2026
High 24519.51
High Date 04/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20690.25
Low Date 03/30/2026
High 24519.51
High Date 04/17/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14784.03
Low Date 04/07/2025
High 24519.51
High Date 04/17/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 25874.84
Support 16848.21
Low 10088.83
Low Date 10/13/2022
High 24519.51
High Date 04/17/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1265.52
Low Date 03/09/2009
High 24519.51
High Date 04/17/2026
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.