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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Nordstrom (JWN) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the Nordstrom (JWN). During the week, the JWN climbed 0.11 points, or 0.46%, and closed at 24.26 on Friday, May 2, 2025. Weekly volume was -8% below average.
 Long-term trend: [See JWN long-term trend chart]
A long-term uptrend had started on November 13, 2023 at 12.88 and reached 24.99 on November 25, 2024. JWN gained -12.11 points, or -94.02%, in 54 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (26.43) 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 long-term trend.
 Medium-term trend: [See JWN medium-term trend chart]
A medium-term downtrend had started on November 25, 2024 at 24.99 and reached 21.71 on November 27, 2024. JWN lost 3.28 points, or 13.13%, in 0 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 22.65 and resistance is at 24.75. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See JWN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since January 31, 2025. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See JWN short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 22.51 and reached 24.30 on April 25, 2025. JWN gained -1.79 points, or -7.95%, in 16 days. Price is near the trend high.
 Daily Technical Indicators: [See JWN daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 16, 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 advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
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