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- 1/9/2026 -
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Nasdaq (^IXIC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Lane's Stochastic and MACD bearish divergenceDaily  MACD line has moved above its signal linePrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Nasdaq (^IXIC). During the week, the ^IXIC gained 435.72 points, or 1.88%, and closed at 23671.35 on Friday, January 9, 2026. It was the best weekly gain since November 28, 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 24019.99 on October 29, 2025. ^IXIC gained -13931.16 points, or -138.08%, in 158 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 16347.32 and resistance is at 24506.93. 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 24019.99 on October 29, 2025. ^IXIC gained -9235.96 points, or -62.47%, in 29 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (23350.06) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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, but getting bigger. 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 January 2, 2026 at 23119.49 and reached 23723.37 on January 7, 2026. ^IXIC gained -603.88 points, or -2.61%, in 5 days. The price is now at the 8.61% retracement level.

Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 70.41
Williams' Percentage Range (W%R) 22.00
Lane's Stochastic (%D-Slow) 71.41
Bearish
Greed/Fear Indicator (GFI) 73.27
Moving Average Converg./Diverg. (MACD) 75.91 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.93
Williams' Percentage Range (W%R) 16.80
Overbought
Lane's Stochastic (%D-Slow) 72.13
Greed/Fear Indicator (GFI) 70.17
Moving Average Converg./Diverg. (MACD) 898.75
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 24506.93
Upper Bollinger Band 23895.59
Price 23671.35
Daily Stochastic Crossing 23582.11
Monthly Trendline Resistance 23486.21
Parabolic System 23382.13
20 Day Moving Average 23360.60
Monthly Trendline Support 23350.06
50 Day Moving Average 23278.58
Weekly Stochastic Crossing 23183.93
Lower Bollinger Band 22909.55
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 23119.49
Low Date 01/02/2026
High 23723.37
High Date 01/07/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22692.00
Low Date 12/17/2025
High 23723.37
High Date 01/07/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 23486.21
Support 23350.06
Low 14784.03
Low Date 04/07/2025
High 24019.99
High Date 10/29/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 24506.93
Support 16347.32
Low 10088.83
Low Date 10/13/2022
High 24019.99
High Date 10/29/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1265.52
Low Date 03/09/2009
High 24019.99
High Date 10/29/2025
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.