The Greedy Trader Weekly Analysis
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- 5/23/2025 -
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Nasdaq (^IXIC) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved above its signal line
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Nasdaq (^IXIC). During the week, the ^IXIC dropped -473.89 points, or -2.47%, and closed at 18737.21 on Friday, May 23, 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 16264.18 and resistance is at 21951.40. 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 12480.93 and resistance is at 19833.19. 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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 19241.41 on May 21, 2025. ^IXIC gained -4457.38 points, or -30.15%, in 44 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 18088.80 and resistance is at 19381.99. 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 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 main line (%K) has declined below the overbought signal line (%D). 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.

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 low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.13
Williams' Percentage Range (W%R) 27.10
Lane's Stochastic (%D-Slow) 69.46
Greed/Fear Indicator (GFI) 70.49
Moving Average Converg./Diverg. (MACD) 439.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.26
Williams' Percentage Range (W%R) 28.00
Lane's Stochastic (%D-Slow) 74.49
Greed/Fear Indicator (GFI) 65.67
Moving Average Converg./Diverg. (MACD) -163.07
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 21951.40
Monthly Trendline Resistance 19833.19
Upper Bollinger Band 19738.95
Weekly Trendline Resistance 19381.99
Parabolic System 19260.65
Daily Stochastic Crossing 18997.50
Price 18737.21
Weekly Stochastic Crossing 18533.34
20 Day Moving Average 18358.69
Weekly Trendline Support 18088.80
50 Day Moving Average 17564.54
Lower Bollinger Band 17026.73
Quarterly Trendline Support 16264.18
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 19241.41
High Date 05/21/2025
Low 18599.69
Low Date 05/23/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 19381.99
Support 18088.80
Low 14784.03
Low Date 04/07/2025
High 19241.41
High Date 05/21/2025
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 19833.19
Support 12480.93
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 21951.40
Support 16264.18
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.