The Greedy Trader Weekly Analysis
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Yearly Price vs. Trendline:Broken Resistance
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Trend Line Resistance Trend Line Support Resistance.

Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.

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- 6/20/2025 -
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Nasdaq (^IXIC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overboughtTrend resistance at 19771.29
Daily :Broken trend support lineWilliams' Percentage Range is overboughtA Parabolic SAR indicator is below and near the price
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It was a first positive week for the Nasdaq (^IXIC). During the week, the ^IXIC climbed 40.58 points, or 0.21%, and closed at 19447.41 on Friday, June 20, 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 16434.14 and resistance is at 22242.53. 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 Descending Wedge chart pattern. The price is near the trend resistance line (19771.29). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.

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

The weekly MACD line is above its signal line since May 16, 2025. 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 19800.46 on June 11, 2025. ^IXIC gained -5016.43 points, or -33.93%, in 65 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (20678.80) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.

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 May 29, 2025. The distance between MACD and the signal line is low, but getting bigger.

A Parabolic SAR (stop and reversal) indicator (19470.07) comes close to the price (19447.41). It indicates that the trend is getting weaker. 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) 58.67
Williams' Percentage Range (W%R) 13.40
Overbought
Lane's Stochastic (%D-Slow) 45.09
Greed/Fear Indicator (GFI) 63.45
Moving Average Converg./Diverg. (MACD) 365.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.26
Williams' Percentage Range (W%R) 8.80
Strong Overbought
Lane's Stochastic (%D-Slow) 95.94
Strong Overbought
Greed/Fear Indicator (GFI) 80.35
Overbought
Moving Average Converg./Diverg. (MACD) -27.29
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 22242.53
Weekly Trendline Support 20678.80
Weekly Trendline Resistance 20295.70
Upper Bollinger Band 19808.57
Monthly Trendline Resistance 19771.29
Weekly Stochastic Crossing 19664.63
Daily Stochastic Crossing 19577.27
Parabolic System 19470.07
Price 19447.41
20 Day Moving Average 19369.53
Lower Bollinger Band 18771.81
50 Day Moving Average 18336.29
Quarterly Trendline Support 16434.14
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 19800.46
High Date 06/11/2025
Low 19367.42
Low Date 06/13/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 20295.70
Support 20678.80
Low 14784.03
Low Date 04/07/2025
High 19800.46
High Date 06/11/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 19771.29
Support 11224.69
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 22242.53
Support 16434.14
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.