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Advanced TA SearchArchive
- 5/10/2024 -
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Nordstrom (JWN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the Nordstrom (JWN). During the week, the JWN gained 0.48 points, or 2.39%, and closed at 20.58 on Friday, May 10, 2024. Weekly volume was -55% below average.
JWN is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See JWN long-term trend chart]
A long-term uptrend had started on November 13, 2023 at 12.88 and reached 21.91 on February 29, 2024. JWN gained -9.03 points, or -70.11%, in 15 weeks. The price is now at the 14.73% retracement level.
Medium-term trend: [See JWN medium-term trend chart]
A medium-term uptrend had started on March 18, 2024 at 16.79 and reached 20.76 on May 6, 2024. JWN gained -3.97 points, or -23.65%, in 7 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See JWN weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.
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 JWN short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 17.20 and reached 20.76 on May 6, 2024. JWN gained -3.56 points, or -20.70%, in 20 days. The price is now at the 5.06% retracement level.
 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. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since April 22, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the 20 Day Moving Average 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.
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