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Market IndicesArchive
- 5/23/2025 -
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Nasdaq (^IXIC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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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.
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