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- 8/8/2025 -
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Nasdaq (^IXIC) Technical Analysis

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Summary:
Weekly :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Williams' Percentage Range is overboughtThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandThe Bollinger Bands are historically close together
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It was a first positive week for the Nasdaq (^IXIC). During the week, the ^IXIC gained 799.89 points, or 3.87%, and closed at 21450.02 on Friday, August 8, 2025. It was the best weekly gain since June 27, 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 21464.53 on August 8, 2025. ^IXIC gained -11375.70 points, or -112.76%, in 147 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 15554.86 and resistance is at 22792.46. 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 21464.53 on August 8, 2025. ^IXIC gained -6680.50 points, or -45.19%, in 17 weeks. Price is near the trend high.

Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 16, 2025. This is an indication that the medium-term trend is up. 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 August 1, 2025 at 20560.17 and reached 21464.53 on August 8, 2025. ^IXIC gained -904.36 points, or -4.40%, in 7 days. Price is near the trend high.

Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is below its signal line since July 11, 2025. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (3.85%) is close to one year low (3.82%). It is 58.37% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 61.71
Williams' Percentage Range (W%R) 15.20
Overbought
Lane's Stochastic (%D-Slow) 67.41
Greed/Fear Indicator (GFI) 71.29
Moving Average Converg./Diverg. (MACD) 282.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.40
Overbought
Williams' Percentage Range (W%R) 2.20
Strong Overbought
Lane's Stochastic (%D-Slow) 93.16
Strong Overbought
Greed/Fear Indicator (GFI) 85.50
Overbought
Moving Average Converg./Diverg. (MACD) 434.91
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 22792.46
Price 21450.02
Upper Bollinger Band 21337.08
Weekly Stochastic Crossing 21300.95
Daily Stochastic Crossing 21197.91
20 Day Moving Average 20994.72
Parabolic System 20910.83
Lower Bollinger Band 20511.19
50 Day Moving Average 20310.12
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 20560.17
Low Date 08/01/2025
High 21464.53
High Date 08/08/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20560.17
Low Date 08/01/2025
High 21464.53
High Date 08/08/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14784.03
Low Date 04/07/2025
High 21464.53
High Date 08/08/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 22792.46
Support 15554.86
Low 10088.83
Low Date 10/13/2022
High 21464.53
High Date 08/08/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1265.52
Low Date 03/09/2009
High 21464.53
High Date 08/08/2025
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.