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Market IndicesArchive
- 5/6/2022 -
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Nasdaq (^IXIC) |
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Nasdaq (^IXIC). During the week, the ^IXIC dropped -189.98 points, or -1.54%, and closed at 12144.66 on Friday, May 6, 2022. Weekly volume was 6% above average.
 Long-term trend: [See ^IXIC long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 1265.52 and reached 16212.23 on November 22, 2021. ^IXIC gained -14946.71 points, or -1181.07%, in 663 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (6778.67) 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 long-term trend.
 Medium-term trend: [See ^IXIC medium-term trend chart]
A medium-term downtrend had started on November 22, 2021 at 16212.23 and reached 11990.15 on May 6, 2022. ^IXIC lost 4222.08 points, or 26.04%, in 23 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 December 3, 2021. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See ^IXIC short-term trend chart]
A short-term downtrend had started on March 29, 2022 at 14646.90 and reached 11990.15 on May 6, 2022. ^IXIC lost 2656.75 points, or 18.14%, in 38 days. The chart has formed a Falling Channel chart pattern. The price is near the trend support (12175.00) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.
 Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 6, 2022. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
12183.56 |
| High Date |
05/05/2022 |
| Low |
11990.15 |
| Low Date |
05/06/2022 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Test Support |
| Resistance |
12682.09 |
| Support |
12175.00 |
| High |
14646.90 |
| High Date |
03/29/2022 |
| Low |
11990.15 |
| Low Date |
05/06/2022 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
16212.23 |
| High Date |
11/22/2021 |
| Low |
11990.15 |
| Low Date |
05/06/2022 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
4209.76 |
| Low Date |
02/11/2016 |
| High |
16212.23 |
| High Date |
11/22/2021 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Resistance |
| Resistance |
10239.85 |
| Support |
6778.67 |
| Low |
1265.52 |
| Low Date |
03/09/2009 |
| High |
16212.23 |
| High Date |
11/22/2021 |
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